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Dogecoin surges 30% to a record above 50 cents as speculative crypto trading continues – CNBC

Dogecoin hit a new high on Tuesday, and the cryptocurrency has now erased its losses from a sell-off last month.

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Dogecoin, the cryptocurrency based off a viral dog meme from nearly a decade ago, surged 30% on Tuesday to set a new record high at more than 50 cents per coin.
The cryptocurrency was trading at about 54 cents, according to data from Coin Metrics. Dogecoin rose to roughly 40 cents per coin last month before falling sharply for several days after the calendar turned to April 20, a date widely celebrated as a marijuana-themed holiday.
Dogecoin was started as a joke in 2013 amid a boom in early cryptocurrencies….

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