The crypto community was irate with Jim Cramer's opinion on Dogecoin, a meme-inspired cryptocurrency that initially started life as a joke back in 2013. On April 3, users of Twitter were surprised to find that the tech giant had changed their bird logo to the Doge logo, much to the pleasure of the Dogecoin community.

Cramer, host of CNBC's Mad Money, shared his skepticism with Dogecoin on one of the network's podcasts, where he stated that it was one of the non-Bitcoin cryptocurrencies worth $80 billion that would be wiped out. His comments were met with chagrin by the Dogecoin online community, who showed their jubilation with the bird logo change.

What followed was an immediate spike in the price of Dogecoin, rising from a low of $0.076 to a high of $0.104, representing an increase of 35 percent in a single day. Elon Musk, Tesla CEO and Twitter owner, tweeted in response to the logo change, “As promised”. Dogecoin currently stands at 28.22% up on the day at $0.10 and has risen by 40% in the last week.

Considering the recent surge of interest in Dogecoin and the huge spike in its price, it can be argued that Cramer's negative prediction was wrong and that Dogecoin is showing no signs of disappearing any time soon. The cryptocurrency's ability to break through the $ 0.10 mark, something that was unforeseen to many investors, shows that it has become a contender in the crypto space. Furthermore, with tech giants such as Tesla, Twitter, Microsoft and Square investing and promoting the currency, its long-term future is looking brighter than ever.



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