© Reuters. Dogecoin (DOGE) Dethrones Coinbase by Total Market Cap: Here’s Why
The Japanese guard-dog themed memecoin (DOGE) was created back in 2013 as a joke in a matter of a few hours. Programmer-turned-comedian Billy Markus a.k.a Shibetoshi Nakamoto left the project ages ago, but his creation ironically overturned the largest American crypto platform, Coinbase (NASDAQ:).
At the time of this publication, Coinbase Global Inc. (COIN) has a market value of $35.17 per share with a total market cap of $7.98bn. On the other hand, the top dog memecoin Dogecoin (DOGE) has a total market cap of $10.24bn, surpassing the leading American crypto exchange by more than $2bn already.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
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Dogecoin has a much larger community of supporters and investors than Coinbase. Avg Social Contributors in the last month:$DOGE: 26,862$COIN: 801
— LunarCrush (@LunarCrush) December 19, 2022
DOGE Army Is Way Bigger Than Coinbase
Recent data revealed by crypto analytics agency Lunar Crush show that the Dogecoin (DOGE) community, more popularly known as the DOGE Army, generated a lot more social mentions for the canine coin. To illustrate, the Dogecoin (DOGE) developer team is in preparation for DOGE’s Christmas Twitter Spaces.
On top of that, the Twitter Spaces are likely to be joined by Elon Musk, the biggest fan of the canine cryptocurrency who also happens to be Twitter’s CEO. Previously, ‘The Dogefather’ mentioned he’d join in the fun around Christmas time, while the community remains optimistic about DOGE’s future…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
