Elon Musk’s Favored Dogecoin Briefly Became 8th-Largest Crypto, But Then This Happened

Elon Musk’s favored Dogecoin (CRYPTO: DOGE) experienced a rise, briefly claiming the position of the world’s eighth-largest cryptocurrency, before encountering an unexpected turn. What Happened: On Friday, Dogecoin, the meme-inspired digital currency, saw its value rise by more than 10% in a single day, reaching an impressive $0.076 per coin.