Dogecoin Overtakes Tether’s Market Cap


As per the latest aggregated data report published by AssetDash, the total market cap of Dogecoin (DOGE), has now hit more than $57 billion, officially overtaking Tether (USDT) by a little over $450 million. This development came following its integration into the highly-regarded eToro platform and Elon Musk’s confirmation that he would indeed highlight DOGE in his upcoming guest appearance in the “Saturday Night Live” TV show this May 8.

As reported by Coinmod this past April 29, Musk teased his millions of Twitter followers about his plans to take the meme crypto to the popular SNL TV show by posting: “The Dogefather” immediately followed by “SNL May 8.” Less than a week later, he confirmed such speculations by responding to one of many confirmation requests he received following his seemingly innocent post. Musk simply replied, “Definitely,” and like how it’s always been, the demand for DOGE surged once again – this time by about 10%. In comparison, his initial teasing tweet last April managed to jumpstart a 15% surge as well.

DOGE also managed to attract the interest and adorations of another high-profile entrepreneur: Dallas Mavericks owner and “Shark Tank” personality, Mark Cuban. Over the past weeks, Cuban has also advocated for the meme crypto by constantly talking highly of it every time he gets the chance. His NBA team, the Dallas Mavericks, is now one of several businesses today proudly accepting DOGE as viable means of payment.

Cuban, who was once a crypto skeptic, now admittedly values them highly – perhaps even more than gold. As of recently, the 62-year-old billionaire investor admits to being preoccupied with the three most popular digital currencies today, namely Bitcoin (BTC), Ether (ETH), and of course, DOGE. According to him, while DOGE started only as a joke, it has now quickly become legit. He even went as far as stating that DOGE can one day be a widely usable currency as it has the potential to hold a better value than a dollar itself.

Based on how positive things are going for DOGE recently, it may just be a matter of time now before we indeed see the “former” meme-crypto going to even grander heights.


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