Home Dogecoin Dogecoin ($DOGE) Cryptocurrency at $50 Billion Is Bigger Than Ford #DogeDay

Dogecoin ($DOGE) Cryptocurrency at $50 Billion Is Bigger Than Ford #DogeDay

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Dogecoin ($DOGE) Cryptocurrency at $50 Billion Is Bigger Than Ford #DogeDay

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For a cryptocurrency created as a joke, Dogecoin finds itself in some serious company.

After a 400% rally in the past week, the total value of all circulating Dogecoins in the world briefly rose to as much as $50 billion, according to data provider CoinMarketCap.com. The digital token later retreated by about 20% Tuesday, reducing its market value by around $10 billion from the high.

The surge had made it bigger 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.

WATCH: Dogecoin, the cryptocurrency created as a joke, has seen its total value soar to $50 billion, according to data provider CoinMarketCap.com.

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