Dogecoin has spiked 400% in a week, making it one of the top 10 digital currencies and stoking fears of a potential bubble in the cryptocurrency market, CNBC reports.
Created in 2013 by software engineers Billy Markus and Jackson Palmer, the cryptocurrency was initially intended to be a playful joke based on the popular “Doge” meme and serve as an alternative to Bitcoin. The meme depicts a Shiba Inu dog with a sly expression and serves as Dogecoin’s signature logo.
