Dogecoin is the world’s newest and most bizarre cryptocurrency.
The total amount of dogecoins in circulation is almost $50 billion, which is impressive for a digital currency that began as a joke.
According to CoinMarketCap, it is the fifth most valuable cryptocurrency on the market, having grown by more than 6,000 percent this year.
The price of a dogecoin has doubled once more. Tesla (TSLA) CEO Elon Musk tweeted about it for the umpteenth time on Friday (more on that in a bit). This week, demand for Dogecoin was so high that it briefly brought down Robinhood’s cryptocurrency trading system.