![KATWIJK, NETHERLANDS - JANUARY 29: In this photo illustration a visual representation of digital cryptocurrency, Dogecoin is displayed on January 29, 2021 in Katwijk, Netherlands. (Photo by Yuriko Nakao/Getty Images)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/L265PIZ5RDMY5PAGROMKQBRFQQ.jpg?smart=true&auth=2226e4d8253ac1e2ac4714b5e949568a90bea6e2cc9ae72e6605333cd012dc0c&width=400&height=225)
As a memecoin grows in price, its actual fundamental value grows along with it. Getty Images
As a memecoin grows in price, its actual fundamental value grows along with it. Getty Images
Crypto frenzy sends Dogecoin soaring 50% – and crashes Robinhood trading app
Bitcoin takes a backseat following record-setting rallies for other altcoins including Ether, Doge, Dash and Tierion