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Why Dogecoin Is Surging Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is seeing a big valuation surge in Friday's trading. The cryptocurrency's token price had risen 11.5% over the past 24 hours as of 5 p.m. ET. At the same point in the day's trading, Bitcoin was up 3.8% over the previous 24 hours, and Ethereum was up 5.8%.

The broader cryptocurrency market is surging today, and Dogecoin's valuation is getting a big boost from the momentum. Bitcoin's token price crossed the $118,000 threshold for the first time today, and investors are betting that the latest leg of the crypto bull market has room to run.

Image source: Getty Images.

Source Fool.com

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