To the moon! Dogecoin fetches 300 percent jump in value in 24 hours

dogecoin price value jump bitcoin 0bmelui

This is just getting ridiculous. Over the past 24 hours, Bitcoin alternative Dogecoina meme-based digital currency apparently created as a joke – jumped more than 300 percent in value, rising from $0.00026 on Wednesday morning to $0.00095 per Dogecoin, as of 8am ET Thursday morning. That’s the greatest increase of any so-called altcoin over the same period. (Wow. Such currency!)

Update: Dogecoin didn’t stop at 300 percent. A few hours later into Thursday, and it’s now up more than 400 percent.

Dogecoin saw a momentary boost of around 360 percent before settling down a bit to just 315 percent. The current total market value of all Dogecoins in circulation is $8,776,590. The value increase has also boosted Dogecoin into the top 10 digital currencies on the market, launching it above Primecoin and Nxt, two popular Bitcoin alternatives.

The Dogecoin rally began early Wednesday, when the crytpocurrency escaped the downward spiral of Bitcoin (and virtually every other digital currency), which temporarily crashed to less than $500 following a crackdown by China’s central bank. The digital currency markets have since recovered from that blow, with Bitcoin jumping back up to around $670, at the time of this writing. Nearly all of the top 50 altcoins saw similar rebounds along side Bitcoin.

In addition to Dogecoin’s absurd value increase, the digital currency was also added to a new exchange, Cryptsy, bring the total number of exchanges that allow Dogecoin trades to three. The other exchanges include COINS-E and Coined Up. You can also purchase Dogecoin on eBay, where the going price for a batch of the currency ranges wildly, from around $0.0019 per Dogecoin, which is steep, to $0.00071, which is below current market value.

Dogecoin, for those of you wondering what the heck we’re talking about here, launched earlier this month. It is based on the “Doge” Internet meme, created on the 4chan forums, which generally features a Shiba Inu dog, and often includes an inner monologue of half-thoughts, for example:

pronounce_doge4.jpg.CROP.promovar-mediumlarge

If you’re not into the whole digital currency craze, then Dogecoin is probably not your thing. (And nobody’s going to blame you for not wanting to toss your real-life money into an extremely volatile virtual currency market.) But after browsing the postings of sheer joy found on Reddit’s Dogecoin community, it’s hard to not want to toss in a few bucks and see where this silly train is headed.

[Image via Axon350/Reddit/Imgur]

Computing

Canada’s winters inspired a startup to warm homes with cryptomining heat waste

Cryptomining may be the key to untold riches and the future of currency, but it’s also an environmental nightmare. Heatmine, thinks it has the answer, but it could mean bolting a mining rig onto every home and business in the country.
Home Theater

These awesome A/V receivers will swarm you with surround sound at any budget

There is no one-size-fits-all approach to shopping for a receiver, so we assembled our favorites for 2018, at multiple price points and all loaded with features, from Dolby Atmos to 4K HDR, and much more.
Home Theater

Set your ears free with the best completely wireless earbuds

If you can't stand the tangle of cords, or you're just excited about completely wireless earbuds, you're going to need some help separating the wheat from the chaff. Our list serves up the best true wireless earbuds around.
Digital Trends Live

Digital Trends Live: Amazon Go expansions, the robocall onslaught, more

On this episode of Digital Trends' live morning show, Digital Trends Live, hosts Greg Nibler and Jeremy Kaplan explored the news of the day, including Amazon Go's potential expansion, the robocall onslaught, and more.
Emerging Tech

Postmates’ to roll out Minion-like autonomous delivery robots in 2019

Postmates is about to employ a cute little robot to work alongside its human delivery personnel. Called Serve, the wheel-based bot can carry items weighing up to 50 pounds and has a range of 30 miles.
Emerging Tech

The best drone photos from around the world

Most of today's drones come equipped with high-end cameras, which are quickly revolutionizing the world of aerial photography as we know it. Here are some of the best drone photos from around the world.
Emerging Tech

Rise of the Machines: Here’s how much robots and A.I. progressed in 2018

2018 has generated no shortage of news, and the worlds of A.I. and robotics are no exception. Here are our picks for the most exciting, game changing examples of both we saw this year.
Emerging Tech

Are e-cigarettes safe? Here’s what the most recent science says

Ecigarettes are widely regarded and advertised as a healthier alternative to cigarettes for people who are trying to kick the smoking habit. How safe are these cigarette alternatives? We went deep into the recent scientific literature to…
Emerging Tech

Thrill-seekers will be able to pilot themselves in a giant drone as soon as 2019

Want to hitch a ride on a giant drone? The startup Lift Aircraft is gearing up to let paying customers fly its 18-rotor giant drones over assorted scenic landscapes across the U.S.
Emerging Tech

CRISPR gene therapy regulates hunger, staves off severe obesity in mice

Researchers from UC San Francisco have demonstrated how CRISPR gene editing can be used to prevent severe obesity in mice, without making a single edit to the mouse's genome. Here's how.
Emerging Tech

Capture app saves money by 3D scanning objects using iPhone’s TrueDepth camera

Capture is a new iPhone app created by the Y Combinator-backed startup Standard Cyborg. It allows anyone to perform 3D scans of objects and share them with buddies. Here's how it works.
Emerging Tech

Sick of walking everywhere? Here are the best electric skateboards you can buy

Thanks for Kickstarter and Indiegogo, electric skateboards are carving a bigger niche than you might think. Whether you're into speed, mileage, or something a bit more stylish, here are the best electric skateboards on the market.
Emerging Tech

Parker Solar Probe captures first image from within the atmosphere of the sun

NASA has shared the first image from inside the atmosphere of the sun taken by the Parker Solar Probe. The probe made the closest ever approach to a star, gathering data which scientists have been interpreting and released this week.
Emerging Tech

Say cheese: InSight lander posts a selfie from the surface of Mars

NASA's InSight mission to Mars has commemorated its arrival by posting a selfie. The selfie is a composite of 11 different images which were taken by one of its instruments, the Instrument Deployment Camera.