Dogecoin, a cryptocurrency that originally started as a joke in 2013, starts to see a massive rise in value after the Reddit Traders are pushing to make it 'the Crypto GameStop'.

Reddit traders targeted the shares such as GameStop, which saw massive growth in its share value forcing the free-Stock trading App like Robin Hood to restrict users from investing. 

The trend is now seemingly been used to increase the price of the meme coin, Dogecoin. The cryptocurrency was started by Billy Markus and Jackson Palmer, Australian Software Engineers when the Dog Meme and the CryptoCurrency were rising, as a joke. 

But seemingly the joke coin is soon going to have a value equivalent to real-world money.

Reddit users on the subreddit r/CryptoCurrency and r/SatoshiStreetBets discussions referenced the r/WallStreetBets’ efforts to squeeze out the Wall Street shops from heavily shorted stocks and urged people to buy into Dogecoin.

Users aim the value of Dogecoin to $1. Currently, Dogecoin has its value at $0.06 with an almost 400% rise in value within the last 24 hours.  

According to CoinMarketCap, DogeCoin has increased its trading volume by 1573.07% in the last 24 hours.