Dogeoin's value was still up about 390% over the past week as of Tuesday morning.<\/p>\n
In this photo illustration visual representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands. (Photo by Yuriko Nakao\/Getty Images)<\/span><\/p>\n Bitcoin's recent gains were fueled by the historic stock market debut of cryptocurrency exchange operator Coinbase, which launched a direct listing on the Nasdaq on April 14. Shares of Coinbase, which trade under the ticker COIN, opened at $381 apiece, giving the company a valuation of about $99.5 billion. <\/p>\n COINBASE CRUSHES NASDAQ DEBUT<\/u><\/strong><\/p>\n The popular cryptocurrency's surge also came as Tesla, square, Mastercard, BNY Mellon and Twitter expressed increasing interest in digital currencies. Venmo announced Tuesday that it would be allowing users to buy, hold and sell crypto, and WeWork announced that it would be accepting crypto payments.<\/p>\n A number of celebrities including Tesla's Elon Musk, Lindsey Lohan, rockstar Gene Simmons, rapper Logic and actress Maisie Williams have signaled interest in Bitcoin.<\/p>\n PETITION CALLS FOR AMAZON TO ACCEPT DOGECOIN AFTER ITS PRICE SURGE<\/strong><\/p>\n "The simple truth, that bitcoin is a countermeasure to inflation, has now successfully permeated significant portions of both retail and institutional investors," Sergey Nazarov, co-founder of Chainlink, one of the largest projects in the blockchain industry, previously told FOX Business in a statement. <\/p>\n He continued: "With no signal in sight that central banks have any plans to curtail fiat money printing, combined with increased government spending also on the horizon, there’s every reason to believe that Bitcoin could continue to break new milestones."<\/p>\n \u00a0Jon Rumion, background left, talks with Michael Cargill at Central Texas Gun Works in Austin, Texas. (AP Photo\/Eric Gay, File)<\/span><\/p>\n Dogecoin, on the other hand, has sparked the interest of some investors in recent months since several big-name celebrities, including Tesla CEO Elon Musk and rapper Snoop Dogg, brought it up on social media.<\/p>\n "Dogecoin will continue to trade up as internet celebrities, such as Elon Musk, tweet about it," Adam Lowe, founder of tech company Arculus, previously told FOX Business in a statement.<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong> <\/strong><\/p>\n But celeb recognition was not the only reason behind the joke crypto's recent surge. <\/p>\n Similar to a trading frenzy that occurred in late January when a group of traders on the speculative investing Reddit forum WallStreetBets banded together to squeeze the Gamestop's short-sellers and cause its share price to soar, users on a Reddit forum called SatoshiStreetBets helped prompt last week's Dogecoin upswing.<\/p>\n![](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/04\/931\/523\/cryptocurrencies-Dogecoin-.jpg?ve=1&tl=1\")
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