Dogecoin has become the latest cryptocurrency to seize a $ 1 billion market cap as commentators suggest the metric is now of little use.
What’s in a Market Cap?
As altcoin markets surge this week, new all-time highs are in sight for many Top 50 assets. 35 altcoins, in addition to Bitcoin, can now be found in the top echelon – those with a market cap of $ 1 billion.
Along with fellow newcomer Komodo, Dogecoin has exploded in value over the past few months relative to its previous price activity. Now changing hands at just under $ 0.01 per coin, DOGE had spent most of its existence fluctuating only slightly around $ 0.0002.
