Tesla CEO Elon Musk has reacted to Dogecoin eclipsing that of the Ford Motor Company with the "Face with Tears of Joy" emoji.
Advertisement
Advertisement
Earlier today, the market cap of the meme cryptocurrency reached $56 billion after peaking at $60 billion on Apr. 16.
Despite giving up some of its Doge Day-driven gains, the coin is still worth more than Ford. The market cap of the iconic car manufacturer is currently sitting at $44 billion.
U.Today Crypto Digest: Ripple Snatches Major Partnership in $5 Trillion Pool, XRP Defies Death Sentence, Shiba Inu Avoids BTC Selling Pressure
Powerful Pro-Bitcoin BlackRock Exec Could Become Next Fed Chair
'Thinking About Buying More Bitcoin': Michael Saylor Reacts to Bitcoin Price Collapse With Bull Statement
Morning Crypto Report: Ripple Legend Co-Signs Binance Twist, 'Digital Silver' Litecoin Raises Halving Alarm, XRP Price Enters 'Crocodile' Zone
Tue, 04/20/2021 - 04:21
Online Retail Giant Newegg Starts Accepting Dogecoin
Advertisement
Musk has personally contributed to Dogecoin's rise with his frequent tweets earlier this year. Other celebrities and businesses soon followed him.
Tesla itself surpassed Ford in value back in April 2017. Now, Musk's high-flying electric-vehicle maker is worth than all major car companies in the world.
Caroline Amosun
Dan Burgin
Alex Dovbnya