Dogecoin, which was largely created as a joke based on a popular internet meme, has surged 112 percent in the last week. The cryptocurrency was at a record high of $0.08097 - up 24 percent in 24 hours - on Monday, according to CoinMarketCap data. Late on Sunday, in a fresh endorsement for the cryptocurrency, Musk tweeted: 'Who let the Doge Out' - mimicking lines from the Baha Men's song. Snoop Dogg tweeted an image of a dog tagged 'Snoop Doge', while Simmons fired off a series of tweets including one that said: 'Woopie!!! Following the attention from Snoop and Simmons, Musk tweeted an image of the trio in which they had been superimposed on a scene from the Lion King.

Source: The Nation February 08, 2021 18:56 UTC