For a cryptocurrency created as a joke, Dogecoin now has some serious company. According to data provider CoinMarketCap.com, after a 400% rally in the past week, the total value of all circulating Dogecoins in the world is about $50 billion.
That makes it more prominent than the market cap of Ford Motor Co. and Kraft Heinz Co. — and nearly equal to Twitter Inc., the platform where Elon Musk and Mark Cuban have promoted the Shiba Inu-themed meme coin.
Dogecoin prices climbed once again, with fans rallying behind the #DogeDay hashtag to celebrate April 20, or 4/20, known in cannabis culture as a day for smoking marijuana. Prices were trading just below 40 cents, according to CoinGecko.com.
