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Why Dogecoin Is Soaring Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is on the rise today, up 7.3% over the past 24 hours as of 3 p.m. ET. The rise comes as the S&P 500 gained 0.3% and Bitcoin gained 1.9%.

Thumbzup, a media company that has recently adopted a Bitcoin accumulation strategy, announced its board has approved adding additional crypto assets, including Dogecoin.

Though Thumbzup is a very small company with a market capitalization of just $90 million, the news is market-moving because President Donald Trump's son, Donald Jr., just took a significant stake in the company.

Source Fool.com

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