Dogecoin Stages A Comeback Amid Crypto’s $300 Billion Crash, Soaring 30% As Elon Musk And Coinbase Signal Confidence

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I am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter @theroberthart or email me at rhart@forbes.com

The price of dogecoin surged nearly 30% Friday following support from billionaire Elon Musk and an announcement that crypto exchange Coinbase would list the token, a boost that has allowed the volatile asset to reclaim its spot as the fourth most valuable cryptocurrency in an otherwise dismal market still reeling from a $300 billion crash when Musk’s Tesla said it would no longer accept bitcoin as payment.

Its value is still a long way off the all time high of 73 cents it reached last week that was fueled by excitement over Musk’s appearance on SNL—but the surge contrasts with modest movements in the crypto market as it recovers from the Musk-induced $300 billion crash.

 

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Pump and dump to the power of 50 recurring !

Doge to Mars. 🚀🚀🚀Doge Dogecoin Dogefather

Freaking right doggie dogetothemoon dogearmy

yummy

MikeDavisYT In Musk We Trust 🥃🚀🥃TheeDoge dogecoin

dogecoin saved my life. Thank you elonmusk 🙏🙏🙏🙏

GOGE IS THE CRYPTO 🐶🚀

BigImpactHumans Doge sets the standard now 🐶

LOLOLOL

Oh, if Elon Musk signalled confidence, then let's goooooo! 🤔

Hi BarrySilbert ha ha 😂

Much wow 😎

ThankYouElon

JFC 🤦‍♀️

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