Doge’s market capitalization, a meme-based symbol that began as a joke seven years ago, briefly surpassed that of major Japanese video game company Nintendo after a price hike.
According to AssetDash data, the market capitalization of Dogecoin (Doge) rose to $ 77.7 billion today after a rebound that brought the token price above $ 0.60 for the first time. This rally placed the market capitalization of the token project ahead of Coinbase digital currency exchange at $ 73.8 billion and Nintendo at $ 76.3 billion. Although Doge’s price has since fallen to $ 0.53, its market capitalization is still above XRP, making it the fourth most valuable digital currency according to CoinMarketCap.
The rally follows the flippening witness Tether (USDT) yesterday when the trading platform eToro announced that it had integrated support from Dogecoin. Today, the important digital currency exchange Gemini followed suit, and co-founder Tyler Winklevoss called Doge “organic, irreverent and funny.”
At the time of publication, Dogecoin’s market capitalization is $ 66.7 billion, with a wide gap between that of Binance Coin (BNB) at $ 96 billion and going to major US-based companies. USA, including General Motors and FedEx. If the token reached a price of $ 0.61, it would reach parity with the Bulgarian Lev.