The value of dogecoin soared to nearly 70 cents Wednesday morning as enthusiastic online traders continue to pile in on the ‘joke’ cryptocurrency, making it the fourth most valuable cryptocurrency and bringing the longtime goal of $1 a token within reach ahead of dogecoin champion Elon Musk’s anticipated appearance on Saturday Night Live this weekend.

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Dogecoin Rockets Towards ‘The Moon’ — Meme Cryptocurrency Nears 70 Cents As Rally Continues | Forbes