Dogecoin Hits ATH and Beats Market Cap of Twitter and Tether, Enters Top 5
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Dogecoin Hits ATH and Beats Market Cap of Twitter and Tether, Enters Top 5

May 4, 2021      Sahaj Sharma

The meme currency Dogecoin is now bigger than the social media platform Twitter and more valuable than the most valued stablecoin in the world, Tether (USDT). Doge has managed to enter the list of top 5 digital assets after witnessing a spike of over 15% in the past 24 hours.

Dogecoin Beats Twitter and Tether in Market Cap

In accordance with the data revealed by leading market analysts, the total market capitalization of Dogecoin surged over $56 billion on May 4. Doge is currently trading near the ATH of $0.44. 

It has recently managed to become the fifth most valuable digital currency in the world and is up by more than 700% within the last 30 days.

Surpassing the mark of $60 billion, Dogecoin is now worth more than Twitter as it has a market cap of just $43.59 billion.

Among the top 10 digital assets, DOGE has remained the best performing cryptocurrency and has approximately gained around 10,900% since the beginning of this year, as it started at a price level of $0.004.

The cryptocurrency witnessed a notable surge in the demands from retail and institutional investors during the last 24 hours as the total trading volume grew substantially across various trading apps.

Currently, standing at a position with a market cap of over $56 billion, Dogecoin is even valuable than the combined market capitalization of Deutsche Bank and Credit Suisse.

Fans Can DOGE for Major League Baseball Tickets

The fans of Major League Baseball will be able to use DOGE to purchase their tickets to see the Oakland Athletics this month. Two plaza infield tickets will usually go for around $80 total, and fans purchasing the ticket through Doge will be able to purchase them at a discount of 46%.

As reported, the team will be accepting the payment through Bitpay and will be issuing the tickets digitally via the MLB Ballpark app.

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#Cryptocurrency #DOGE ATH #Dogecoin #Tether #Twitter
Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.