Dogecoin Co-Creator Sold All His Coins For Just Enough To Afford A Used Honda Civic In 2015

 — Now DOGECOIN Is Bigger Than Honda

Dogecoin (DOGE), which hit an all-time high near the 45-cent level on Monday night, has now surpassed automaker Honda Motor Co. Ltd.  in terms of market capitalization.  

What Happened: The joke cryptocurrency has risen 10.8% in the past 24 hours to $0.4245 at press time, giving it a market capitalization of $54.64 billion. In comparison, Honda has a market capitalization of $54.52 billion as per Monday's close.

The event is significant as Dogecoin co-creator Billy Markus recently revealed that he sold off his entire cryptocurrency holdings in 2015 for an amount equivalent to what a used Honda Civic would cost at that time.

Markus clarified in an interview with Benzinga in March that he actually never purchased a used car by selling his cryptocurrency holdings for nearly $10,000 in 2015, but used it to pay rent.

Dogecoin’s market capitalization also puts the joke cryptocurrency ahead of companies like Emerson Electric Co. and Vodafone Group Plc.

Emerson has a market valuation of $54.56 billion and Vodafone has a market valuation of $54.18 billion, as per Monday’s close.


by,
Swagat Mahindrakar
Blog site - https://elaboratory3197.blogspot.com/