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Dogecoin price: ‘Joke' crypto hits new record high following Elon Musk & Snoop Dogg tweets

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Elon Musk, hip hop artist Snoop Snogg and Kiss lead singer Gene Simmons. This comes after the cryptocurrency surprised many after soaring almost 1,500 percent this year alone. CoinDesk.

com data indicates the meme-inspired digital token Dogecoin rallied 37 percent in 24 hours to mark a record high of $0.

083745 (61p) at 3. 20pm GMT (1020am ET) on Monday, February 8. Although Dogecoin actually started life as a "joke" in 2013, the minor altcoin has since become a meaningful cryptocurrency.

Mr Musk this weekend acknowledged that the two celebrities had joined him in boosting the cryptocurrency with a new tweet. This involved posting an image, crudely re-working the famous Disney Lion King meme, building upon the one he sent last week. READ.

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