Throughout the cryptocurrency booms and busts over the past decade, Dogecoin has seen several spikes in attention, usually accompanied by a spike in the price of the coin. Since 2020, however, there has been the largest spike yet, with the coin increasing in value 25,000% since the start of 2020, to a valuation of over $70 billion. This latest push has set a very concrete goal for itself: push the value of a single Doge to over $1. Celebrities like Elon Musk, Mark Cuban, Snoop Dogg, and Gene Simmons have all gotten onboard and expressed their support for the coin on Twitter, driving the price even higher.
