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09 May 2021

Dogecoin is now 3.5% of the crypto market—and the world’s 170th largest stonk

Dogecoin is now 3.5% of the crypto market—and the world’s 170th largest stonk


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The meme token trades at over $0.77 at press time, reaching a market cap of as high as $90 billion.

Not bad for a joke cryptocurrency that doesn’t see active development and has no particular use case other than existing (it does, however, have a faster transaction time than a lot of large-cap cryptocurrencies and lower transactional fees).

As such, the currency has risen 54.2% in the past day, 150.3% in the past week, 108.8% in the past two weeks, 1074.7% in the past month, and over 27258.4% in the past year—making it one of the best “investments” should one have punted.

The market cap stands at over $88 billion at press time, less than half that of Ethereum ($379 billion) and smaller than a tenth of Bitcoin ($1 trillion).

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Cryptoslate.com
Market data feeds provided by cryptocompare.com
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