Dogecoin Fulfills 'Doge Day' Goal Of 69 Cents Weeks Later, Surpasses Snapchat, GM In Valuation

The joke cryptocurrency Dogecoin (DOGE) touched a fresh all-time high in the early hours of Wednesday, crossing the much sought-after 69 cent mark. What Happened: DOGE touched $0.6953 minutes before press time. The meme cryptocurrency now has a market capitalization of $89.70 billion, which it puts ahead of Snap Inc (NYSE:SNAP), which has a valuation of $84.98 billion and General Motors Company (NYSE:GM), which has a market cap of $80.24 billion. See Also: How to Buy Dogecoin (DOGE) Gilead Sciences, Inc (NASDAQ:GILD) and FedEx Corporation (NYSE:FDX) are some other large companies that are trailing the Shiba Inu-themed coin in terms of market cap. DOGE has skyrocketed 13,955.4% since the year began, leaving behind Bitcoin (BTC) and Ethereum (ETH) in terms of year-to-date gains. BTC has risen 87.84% and ETH 342.75% since the year began. At press time, BTC traded 3.2% lower at $54,268.39, while ETH traded 4.04% lower at $3,244.69. DOGE’s current rally gained momentum after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk tweeted the portmanteau “Dogefather” on Apr. 28 and linked it with his hosting of “Saturday Night Live.” Why It Matters: The 69-cent level, apart from its sexual connotations, is significant because the so-called “Doge Army” tried to pump the…
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