What is dogecoin? Elon Musk has sent the, the meme crypto soaring

The No. 12 largest cryptocurrency, with a market cap of $6.1 billion, is a joke.

Dogecoin (DOGE) started out as a joke in 2013 and is still a joke today—but its value is up 380% in the past month, 696% this year so far.

The coin has ridden the same Reddit-driven retail investor wave as stocks like GameStop and AMC over the past two weeks, further accelerated by a handful of cheeky Elon Musk tweets pumping dogecoin.

On Jan. 28, dogecoin became the most tweeted-about cryptocurrency in a single…


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