So a lot of people know what Bitcoin is but very little people know what DogeCoin is, If you don’t know what it is it’s a cryptocurrency that was created as a joke, its name is a reference to a popular Internet meme. It shares many features with Litecoin. However, unlike Litecoin, there is no hard cap on the number of Dogecoins that can be produced.

In early January, each token was worth less than 1 cent. In late January, when both the GameStop and DogeCoin movements hit their stride, the value of DogeCoin shot up to 7.5 cents before sliding down to 2.5 cents. The coin has spent the past few months in the 3 cent to 7 cent range. On Sunday, its price began to rise, from around 6 cents, before it smashed the 10 cent milestone.

The surge from 10 cents to over 25 cents could be the result of Doge's highest-profile supporter, Elon Musk, tweeting out support for the cryptocurrency on Thursday.

So is DogeCoin going to pass Bitcoin any time soon or pass any big cryptocurrency, the short answer is no. DogeCoin is moving fast so it does have a chance in the world of cryptocurrency.