Why Is Everyone All of a Sudden Talking About Dogecoin Again - Did We Miss Something?

TL;DR

• There're a bunch of headlines about Dogecoin right now...

• For example: Over $600M is locked in open Dogecoin Futures right now.

• Also, Elon halts Dogecoin surge by confirming his AI company is 'not raising money.'

Full Story

For whatever reason, there're a bunch of headlines about Dogecoin right now...

Oh well, so be it!

Reporting that 'Bitcoin went up (again)' was starting to feel a little repetitive anyway.

(Btw, Bitcoin did go up again, it cracked/has been hovering around $44k).

Anyway, here's what you missed with Dogecoin:

• Over $600M is locked in open Dogecoin Futures right now.
  
  'Futures' are agreements to either buy or sell a stock/cryptocurrency at a predetermined date and price in the future.
  
  (More $ locked up in futures = more general interest in the asset).
  
  Why the renewed interest in Doge? Well...

• Doge just turned 10, and coincidentally hit $.10c for the first time in a year.
  
  Some think this price jump was the result of a rumor that Elon Musk was raising $1B to fund his new AI company (xAI).
  
  (And many investors assume that xAI will use Doge as a payment system).
  
  Which brings us to ​headline #3​...

• Elon halts Dogecoin surge by confirming his AI company is 'not raising money.'
  
  (See above for what Doge has to do with Elon's AI company).

Right-e-o! That's everything.

Now you know.