Dogecoin has its day, as cryptocurrency fans push it up

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Dogecoin, the digital currency advertised as the one 'favored by Shiba Inus worldwide,” is having its day.

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Collectively, dogecoins have a total market value of roughly US$50 billion, according to CoinDesk. That puts it on par with Dow Inc. or Kimberly-Clark, which makes Kleenex and Huggies. Critics, though, say Dogecoin's almost unbelievable rise is another example of the fever to buy the next big thing that's been pushing prices up across investments, and that people buying in now are likely setting themselves up for pain.

 

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