Dogecoin Market Cap Surpasses Cardano And is Now Top 5: The Community Reacts
Dogecoin is where all the rage is in the cryptocurrency market throughout the past 24 hours. DOGE is up almost 200% in the past day and almost 500% in the past week. With the latest surge, it has also managed to become the 6th largest cryptocurrency by market capitalization, surpassing Cardano’s ADA.
Dogecoin Now Bigger Than Cardano
As CryptoPotato reported earlier, the popular meme coin, DOGE, made headlines by painting a fresh all-time high at around $0.30. While this, in itself, was more than impressive what followed was downright astonishing.
After a slight retrace, DOGE took off for the skies… again. At the time of this writing, the cryptocurrency is trading at around $0.4 and holds a total market capitalization of just a bit less than $46 billion. The current all-time high stands at above $0.45 on Binance.
As seen in the above image, Dogecoin, the cryptocurrency that was literally named after a Shiba Inu, is now officially the sixth-largest project by means of total market capitalization.
It’s also worth noting that this comes during a day when the majority of the market is bleeding. In fact, all of the top 10 cryptocurrencies, besides DOGE, of course, are in the red for the past 24 hours.
The Community Reacts
Needless to say, the meteoric increase in DOGE’s rice led to a serious reaction from the community. Hours ago, Jordan Belfort, also known as The Wolf of Wall Street, posted an image of the cryptocurrency which further fueled the surge. He also followed up with a few other tweets.
Dave Portnoy also jumped on board. In case anyone is wondering – he’s not jealous about DOGE.
Im not jealous about dogecoin I am not jealous about dogecoin I am not jealous about dogecoin I am not jealous about dogecoin #doge
— Dave Portnoy (@stoolpresidente) April 16, 2021
Cameron Winklevoss also made it clear that the Doges are howling tonight.
As it stands, Dogecoin has a bigger market cap than many companies, including Coinbase, which recently had its direct listing on Nasdaq.