<p>The price of the meme-themed cryptocurrency was on a tear Thursday morning, with market activity pushing its price well above $0.02 to hit a new all-time high.</p> <p>The market advancement retreated after reaching roughly $0.027, with the price of DOGE falling below that level on Robinhood and other exchanges. Market data from <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener noreferrer">TradingView</a> shows that dogecoin started the day at about $0.0075. </p> <p>As of the time of writing, crypto exchanges and Robinhood appear to be trading between between $0.017 and $0.018, with the price of DOGE fluctuating around $0.017 on Robinhood.</p> <p><img class="wp-image-92949 size-full" src="https://www.tbstat.com/wp/uploads/2021/01/download-3.png" alt="" width="1228" height="883" /></p> <p>Even with the renewed volatility, dogecoin's price is still up well over 100% on the day -- though the underlying factor is far from clear beyond a general environment of market euphoria. As <em>Decrypt</em> noted earlier this month, the meme-themed crypto <a href="https://decrypt.co/54552/the-elon-musk-effect-dogecoin-searches-spike-after-tesla-ceos-tweet" target="_blank" rel="noopener noreferrer">is a favorite of entrepreneur Elon Musk</a>, who periodically issues tweets about dogecoin. Others have noted that <a href="https://twitter.com/WSBChairman/status/1354658870560481285" target="_blank" rel="noopener noreferrer">investors who congregate on the social media platform Reddit</a> may be fueling the rise.</p> <p>The price of dogecoin last reached similar levels in early 2018, when the price peaked around $0.017 per DOGE.</p>