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    Not Laughing Now: Cryptocurrency Fever Spreads to Parody Dogecoin

    © Sputnik / Vladimir Astapkovich
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    A joke cryptocurrency created five years ago has witnessed a sudden increase in price, transforming it from a gag into a serious contender in the world of crypto finance.

    Launched in 2013, Dogecoin was apparently created as a parody on Bitcoin and homage to the doge meme — a picture of a Shiba Inu accompanied by multicolored text in broken English.

    Now, however, it seems that Dogecoin can no longer be considered a joke as last week it almost doubled in price, setting its total value at nearly $2 billion.

    And while Dogecoin certainly cannot rival Bitcoin at this time, with the total value of the latter currently being about $270 billion, only time will tell how far this underdog of the cryptocurrency world can rise.


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