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July 7 (Xinhua) -- Dogecoin jumped 26 percent overnight from $0.00229 to $0.0029 in 24 hours, according to AMB Crypto. Dogecoin has climbed to 33rd largest cryptocurrencies as its market capitalisation has grown from $287m to $357m.

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Dog coin DOGecoin was born on December 12, 2013 by Australian brand and marketing expert Jackson Palmer and programmer Palmer in Portland, Oregon. Dogecoin is based on the Scrypt algorithm and the transaction process is more convenient than Bitcoin.

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But Bitcoin is too expensive, so cheaper Dogecoin is popular. Just a week after it went online, it became the second-largest tip currency. They're hoping that Facebook will accept Dogecoin so that your friends can not only like it, but also tip you by the way.