Amid bitcoin’s insane rally to historic highs, dogecoin ($DOGE) has doubled in worth and now has a market cap better than over 60% of the 503 shares within the S&P500.
Dogecoin’s market cap is over $58 billion at press time. Based on Inventory Evaluation, this ranks it 181st out of 503 shares within the S&P 500 — above 64%.
It additionally locations it above the Monster Beverage Company ($MNST at $54 billion), insurance coverage behemoth The Allstate Company ($ALL at $52 billion), and power big American Electrical Energy ($AEP at $50 billion).
DOGE can be at the moment outperforming Nasdaq, Inc. ($NDAQ at $46 billion), the Ford Motor Firm ($F at $45 billion), and gaming agency Digital Arts ($EA at $42 billion).
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At its 24-hour peak, Dogecoin’s market cap reached $63.5 billion, which momentarily ranked it one hundred and sixty fifth within the S&P 500 — above 66% of its 503 shares.
Only one week in the past, Dogecoin’s market cap was 56% much less at $25 billion.
In the meantime, bitcoin made its largest day by day achieve in historical past yesterday — closing at over $8,300 above its opening worth.