Dogecoin passes Tether's market cap following eToro integration
May 3, 2021. Summarized by summa-bot.
Compression ratio: 32.6%. 1 min read.
At $52.5 billion, the market capitalization of Dogecoin has now surpassed that of Tether, car manufacturer Ford, and social media giant Twitter.
At more than $52 billion, the market capitalization of meme-based cryptocurrency Dogecoin has already passed that of Twitter, U. S. car manufacturer Ford, and now Tether.
According to data from AssetDash, the market cap of Dogecoin (DOGE) is $52. 5 billion, more than $400 million than that of Tether (USDT) at $52 billion.
The weeklong surge in the DOGE price follows crypto-friendly trading platform eToro announcing it will begin listing Dogecoin.
Whether due to eToro’s integration, pushes from the DOGE Army on social media, or mentions from prominent Dogecoin proponents like Tesla CEO Elon Musk or Shark Tank star Mark Cuban, the price of DOGE has rallied significantly this week.