But the dog-themed currency has gained quite a lot of attention in recent months, especially after Tesla's boss Elon Musk tweeted his approval of the virtual currency in February. And fans of the cryptocurrency are hoping to send Dogecoin price more than doubling to a record high of $1 today, which they decided was 'Dogeday' and which also coincides with marijuana day. But despite the massive rise in price this week and the coordinated push, Dogecoin was down around 7 per cent over the past 24 hours. Meanwhile, leading free stockbroker Robinhood supports Dogecoin, which has also played a role in driving up its price. In a crazy year for cryptos, Dogecoin price has soared by around 19,400 per cent over the past twelve months, while Bitcoin, the world's most famous virtual currency has soared by around 2,300 per cent.

Source: The Nation April 20, 2021 20:00 UTC