The dogecoin price has so far held its ground, defying critics who have warned its price is likely to come crashing down as quickly as it has risen.
Dogecoin has shot into the cryptocurrency top ten in recent months and looks set to break back into the top five with its total market value currently just under $50 billion.
I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.