Thanks to boosts from the world’s richest man, the cryptocurrency has skyrocketed in value, along with bitcoin
The price of dogecoin, a cryptocurrency, has soared after Elon Musk underlined his power as a market tipster by tweeting about it.
Dogecoin’s price rose by 50% on 4 February shortly after Musk, the chief executive of Tesla and the world’s richest person, tweeted that “Dogecoin is the people’s crypto”.