Dogecoin Is Worth More Than Activision Blizzard and Twitter

Thanks to recent price increases, capialization of the Dogecoin cryptocurrency reached nearly $87.7 billion. This means that it has a higher market value than companies like Nintendo, Activision Blizzard, Ford and Twitter.

IN A NUTSHELL:

Dogecoin's capitalization exceeded $87.7 billion, meaning it has a higher market value than Nintendo, Activision Blizzard, Ford or Twitter;
One of the reasons for the increase was another tweet by Elon Musk.

According to the data of AssetDash, Dogecoin exchange rate is currently 0.67 dollars (this is how much you have to pay for a single virtual coin), and its total capitalization exceeded 87.7 billion dollars. This means that the discussed cryptocurrency has a higher market value than Nintendo, Activision Blizzard, Twitter or Ford, among others.

The recent increases have been triggered by several factors, such as Dogecoin joining the eToro trading platform, as well as another tweet by Elon Musk. The billionaire reference an episode of Saturday Night Live that will be shown on May 8 this year - most likely we will then see a cabaret skit called The Dogefather featuring Musk.

Dogecoin was born in 2013 as an internet joke (a satirical response to the emergence of Bitcoin) and probably no one expected what it would become eight years later.