# Dogecoin soars to new record as Musk fires off new tweet (HT Tech) > Dogecoin rose to all-time high Sunday, as Elon Musk tweets “Who let the Doge out” amid the rally. # Dogecoin soars to new record as Musk fires off new tweet ## Dogecoin rose to all-time high Sunday, as Elon Musk tweets “Who let the Doge out” amid the rally. Feb 08 2021, 07:29 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Elon Musk also posted tongue-in-cheek tweets about Dogecoin -- a Shiba Inu-themed unit that began as a joke -- stirring buying that drove its market capitalisation past $6 billion.](https://images.hindustantimes.com/tech/img/2021/02/08/1600x900/EtXfpgGWYAEIa7y_1612516869241_1612516880801_1612749333303.jpg) Elon Musk also posted tongue-in-cheek tweets about Dogecoin -- a Shiba Inu-themed unit that began as a joke -- stirring buying that drove its market capitalisation past $6 billion. (Twitter/Elon Musk) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG The Shiba Inu-themed digital coin surpassed 8 cents for the first time, just a week after crashing to 2.5 cents and sparking an outcry on Reddit. It rose 53% in the last 24 hours to 8.2 cents as of 5:45 p.m. in New York on Sunday, according to CoinMarketCap data, breezing through its recent record of 7.8 cents posted in late January. It now has a market value of $10 billion, making it the 8th-biggest cryptocurrency. > 🎶 Who let the Doge out 🎶— Elon Musk (@elonmusk) February 7, 2021 The price recovered over the past week after Tesla Inc. co-founder Elon Musk returned from his self-imposed Twitter break to send a series of tweets promoting Dogecoin. > The people have spoken … https://t.co/x41oVMzTGo— Elon Musk (@elonmusk) February 8, 2021 Started as a joke in 2013, Dogecoin has been riding a wave of newfound popularity on social media, powered by the speculative frenzy of retail investors. Bitcoin has also rallied this week, topping a record of $40,000, before paring gains. By Yuegi Yang Also read click here. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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