twocents.lifehacker.com

What is Dogecoin, and Why Are People Buying It?

Now that you’ve gotten a handle on the GameStop stock madness, it’s time to learn about Dogecoin. Why is the retail investor hivemind pumping up the obscure cryptocurrency with a Shiba Inu dog for a mascot? Why, for the Lolz. With the help of Reddit and Elon Musk, Dogecoin has increased in value by 600% in the last 24 hours. As a trading move, it makes way less sense than the GameStop frenzy—but t