How Dogecoin Overtook Porsche in Market Cap, Hitting $54.7 Billion Milestone
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 28 2024Dogecoin's Market Cap Achievement: Dogecoin has surpassed Porsche in market capitalization, reaching $54.7 billion, highlighting its evolution from a meme-based cryptocurrency to a significant player in the financial ecosystem.
Community and Market Dynamics: The rise of Dogecoin is fueled by increased trading volume, whale accumulation, and strong community support, raising discussions about the legitimacy and risks associated with meme coins in the broader cryptocurrency market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
