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‘Joke’ cryptocurrency Dogecoin rockets by 258%

'Will dogecoin continue to rise?' Google inquiries rise by 250% over 24 hours

By

Bérengère Sim

The digital currency was created as a joke in 2013 by software engineers Jackson Palmer and Billy Markus to poke fun, using memes, at how cryptos were growing
The digital currency was created as a joke in 2013 by software engineers Jackson Palmer and Billy Markus to poke fun, using memes, at how cryptos were growing Photo: Getty Images

The value of cryptocurrency Dogecoin has increased 258% since April 15.

The digital currency, represented by a Shiba Inu dog, exploded from $0.12 on 15 April at 12:29pm BST to $0.30 on 16 April at 12:14pm BST, according to Coindesk, totalling a 139% increase.

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