Dogecoin is on a run, has escaped the yard, and is headed to the moon
The joke currency, which as recently as January 27th was worth less than a cent, hit 47 cents this morning, according to Robinhood’s tracker. The currency is based on an au-courant-as-of-2013 meme of a Shiba Inu, and was intended to satirize bitcoin. That means a lot more money is sloshing around than usual, which is fueling everything from SPACs to Gamestonk. As long as there’s this much money sloshing around, anything goes. Anyway, if you are a hedge fund that called the top on Dogecoin based on an Elon Musk tweet, let me know — I’d love to interview you and find out how that call went.