With more than $ 52 billion, the market capitalization of Dogecoin meme-based digital currency has already surpassed that of Twitter, the American automaker Ford and now Tether.
According to AssetDash data, the market capitalization of Dogecoin (Doge) is $ 52.5 billion, more than $ 400 million than that of Tether (USDT) by $ 52 billion. The witness already surpassed the market capitalization of Ford and Twitter by $ 45.1 billion and went $ 43.1 billion, respectively. The one-week rise in the price of Doge continues on the eToro digital currency-friendly trading platform announcing that it will start trading Dogecoin.
In a statement to Cointelegraph, a representative of eToro said the platform had added Doge “due to strong customer demand”. The 20 million users of the platform will now be able to buy and sell the token.
Whether it’s due to eToro’s integration, Doge Army boosts on social media, or mentions of prominent Dogecoin advocates like Tesla CEO Elon Musk or Shark Tank star Mark Cuban, the price de Doge has recovered significantly this week. At the time of publication, the price of Dogecoin is $ 0.41, having risen more than 57% in the last seven days.
Some speculate that the demonstration could be due to Musk’s upcoming appearance as host of Saturday Night Live, in which he has hinted that he will take part in a comedy sketch called “The Dogefather”. The show has already featured non-expendable tokens in a rap parody with Kate McKinnon as U.S. Treasury Secretary Janet Yellen, in which musical guest Jack Harlow provided the most concise information about the technology; maybe Miley Cyrus, scheduled to perform with Musk, will do the same for DUX.
Originally created as a joke, Doge is known to be susceptible to conversations on social media, particularly Tesla’s CEO tweets. Last month, pro-Dogecoiners apparently tried to raise the price of the token by making the hashtag “DogeDay” trending the week of April 20th. Even comedian Bill Maher mentioned Doge on his Real Time show last Friday, referring to the testimonial as “Easter cartoon bunny in cash.”