Original title: Dogecoin’s total market value exceeds $50 billion, surpasses Ford and is equivalent to Twitter
[TechWeb]News on April 21, according to foreign media reports, in the past few trading days, the price of Dogecoin has been at a high level.
In the past week, the price of Dogecoin has soared by 400%, which pushed its total market value to over US$50 billion on Tuesday, surpassing the market value of Ford Motor Company (US$48.3 billion) and almost rivaling Twitter (US$54.3 billion). Dogecoin has therefore become one of the top ten cryptocurrencies in the cryptocurrency market.
Data from the coingecko website shows that in the past 24 hours, the highest price of Dogecoin was $0.418888 and the lowest was $0.285650.
Dogecoin was created in 2013. The logo is a Shiba Inu. It is a cryptocurrency, much like Bitcoin, and can be used for peer-to-peer transactions on a decentralized network.
In recent months, there has been vigorous publicity by billionaire investors such as Tesla CEO Elon Musk and Dallas Mavericks owner and Dogecoin supporter Mark Cuban The popularity of Dogecoin has skyrocketed. Nevertheless, some investors are still worried that the price of the digital currency may trigger a potential bubble.
Recently, online retailer Newegg announced the acceptance of Dogecoin as an official payment method, and the company’s move pushed up the price of Dogecoin. (Little Fox)