Following a price rally, the market capitalization of Japanese video game company, Nintendo has been passed by a meme-based cryptocurrency that was lauched seven years ago, Dogecoin.
On Tuesday, Dogecoin market cap increased to $77.7 billion and which is premised on a rally that took the price of the coin above $0.60 for the first time. The aforementioned is according to AssetDash.
Also, the price rally superseded the market cap of Coinbase which is at $73.8 billion and Nintendo which is at $76.3 billion and the both are both cryptocurrency exchange. The market cap of Dogecoin is above XRPO even with its recent fall to $0.53 and which puts Dogecoin as the fourth most valuable cryrptocurrency from Coinmarketncap data.
The rally follows the coin flippening Tether (USDT) on Monday after trading platform eToro announced it had integrated support for Dogecoin. On Tuesday, major crypto exchange Gemini followed suit, with co-founder Tyler Winklevoss calling DOGE “organic, irreverent, and fun.”
At the time of publication, Dogecoin’s market capitalization is $66.7 billion, with a wide gap between that of Binance Coin (BNB) at $96 billion and major United States-based companies including General Motors and FedEx. Should the token reach a price of $0.61, it would reach parity with the Bulgarian lev.