At more than $52 billion, the market capitalization of meme-based cryptocurrency Dogecoin (DOGE) has already passed that of Twitter, U.S. car manufacturer Ford, and now, Tether.
According to data from AssetDash, the market cap of Dogecoin is $52.5 billion, more than $400 million higher than that of Tether (USDT) at $52 billion. The token has already surpassed Ford’s and Twitter’s market capitalization at $45.1 billion and $43.1 billion, respectively. The weeklong surge in DOGE price follows crypto-friendly trading platform eToro announcing it will begin listing Dogecoin.
In a statement to Cointelegraph, a representative for eToro said the platform had added DOGE “due to strong customer demand.” The platform’s 20 million users will now be able to buy and sell the token.
Whether due to eToro’s integration, pushes from the DOGE Army on social media, or mentions from prominent Dogecoin proponents like Tesla CEO Elon Musk or Shark Tank star Mark Cuban, the price of DOGE has rallied significantly this week. At the