It's still alive: Memories of February euphoria evoked as Dogecoin hits 47 satoshi, surpasses Peercoin

If Dogecoin (DOGE) was stirring last week, fans will tell you that it has reawakened this weekend.

Dogecoin is currently trading at 41 satoshi ($0.0002) after hitting a high of 47 on some exchanges. At its peak, DOGE had doubled from its 23-24 satoshi trough experienced through much of August. The gains put DOGE's price at its highest in Bitcoin terms since July 9, when it traded at similar levels.

The bulk of gains came just over 24h ago, when heavy volume propelled DOGE higher by over 40% within 6h. Current 24h volume is $1.4 million and the coin is once again the most popular on Cryptsy, dominating both USD and bitcoin-denominated trading. The behavior is reminiscent of its February glory days, although it remains a long way off the some 300 satoshi (including a higher BTC/USD value) it was worth then.

Also reminiscent is it once again surpassing Peercoin in market cap, now worth $18 million. It has moved back into 6th, and like last time, it once again ranks 3rd among mineable currencies, right behind Litecoin.

Both Dogecoin and Litecoin, now even more closely related through their merged mining, have shown strength toward the latter half of last week. Dogecoin has outperformed however, gaining roughly 25% against its Scrypt-based counterpart.