Clearly, Super Mario isn’t the only one collecting coins.
The market capitalization of Dogecoin (bit-cointalk.com/doge-price-index” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/bit-cointalk.com/doge-price-index/amp”>DOGE), a meme-based cryptocurrency that started as a joke seven years ago, briefly passed that of major Japanese video game company Nintendo following a price rally.
According to data from AssetDash, the market cap of DOGE surged to $77.7 billion on Tuesday following a rally that took the price of the coin above $0.60 for the first time. This rally put the market cap of the project ahead of both cryptocurrency exchange Coinbase at $73.8 billion and Nintendo at $76.3 billion. Though the price of DOGE has since fallen to $0.53, its market cap is still above bit-cointalk.com/xrp-price-index” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/bit-cointalk.com/xrp-price-index/amp”>XRP’s, making it the fourth most valuable cryptocurrency, according to CoinMarketCap.
The rally follows the coin flippening Tether (bit-cointalk.com/tether-price-index” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/bit-cointalk.com/tether-price-index/amp”>USDT) on Monday after trading platform eToro bit-cointalk.com/news/ethereum-price-hits-3-5k-record-as-winklevoss-exchange-adds-dogecoin” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/bit-cointalk.com/news/ethereum-price-hits-3-5k-record-as-winklevoss-exchange-adds-dogecoin/amp”>announced it had integrated support for Dogecoin. On Tuesday, major crypto exchange Gemini followed suit, with co-founder bit-cointalk.com/news/ethereum-price-hits-3-5k-record-as-winklevoss-exchange-adds-dogecoin” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/bit-cointalk.com/news/ethereum-price-hits-3-5k-record-as-winklevoss-exchange-adds-dogecoin/amp”>Tyler Winklevoss calling DOGE “organic, irreverent, and fun.”
At the time of publication, Dogecoin’s market capitalization is $66.7 billion, with a wide gap between that of Binance Coin (bit-cointalk.com/binance-coin-price-index” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/bit-cointalk.com/binance-coin-price-index/amp”>BNB) at $96 billion and major United States-based companies including General Motors and FedEx. Should the token reach a price of $0.61, it would reach parity with the Bulgarian lev.