146 Interactions, 2 today
Obviously, Super Mario isn’t the only one that collects coins.
Following a price surge, the market capitalisation of Dogecoin (DOGE), a meme-based cryptocurrency that began as a joke seven years ago, momentarily surpassed that of major Japanese video game company Nintendo.
According to data from AssetDash, the market cap of DOGE surged to $77.7 billion on Tuesday following a rally that took the price of the coin above $0.60 for the first time. With this surge, the project’s market value surpassed that of cryptocurrency exchange Coinbase, which stands at $73.8 billion, and Nintendo, which stands at $76.3 billion. Despite the fact that the price of DOGE has since plummeted to $0.53, its market value remains higher than that of XRP, rendering it the fourth most valued cryptocurrency, according to CoinMarketCap.
The uptick follows the coin flipping Tether (USDT) on Monday, as trading site eToro declared support for Dogecoin. Gemini, a big crypto exchange, followed suit on Tuesday, with co-founder Tyler Winklevoss naming DOGE “organic, irreverent, and fun.”
At the time of publishing, Dogecoin had a market capitalisation of $66.7 billion, a significant difference from Binance Coin (BNB), which had a market capitalisation of $96 billion, and large US-based corporations such as General Motors and FedEx. If the token reaches a price of $0.61, it will be equal to the Bulgarian lev.