Gokil, Market Cap Dogecoin Lampaui Porsche!

Dogecoin successfully passed the Porsche market cap. (Photo; Doc. Hokanews)

JAKARTA - Dogecoin (DOGE) has just recorded a positive note. This meme coin, which was originally considered a joke, has surpassed Porsche in terms of market capitalization. As of November 28, 2024, Dogecoin's market capitalization was recorded at US$54.7 billion (Rp865.26 trillion), while Porsche was at US$53.6 billion (Rp846.88 trillion).

This significant increase shows that Dogecoin is not only a temporary trend, but is increasingly recognized as a serious asset. Several factors have played a role in the increase in DOGE prices, ranging from increased trading activity, interest in meme assets, to adoption for micro and digital tipping transactions.

The latest data from AMB Crypto shows that there is a large accumulation by large investors or "whale", with transactions exceeding US$1 million (Rp15.8 billion). This indicates a confidence in Dogecoin so that it becomes a coin that is taken into account in the crypto market.

Not only that, social activities also play an important role. The increase in the number of Dogecoins on social media shows growing community interest. Historically, the increase in social volume is often followed by a price spike, reinforcing claims that Dogecoin is not just following the hype. The latest data from CoinGecko, Thursday, November 28, the price of Dogecoin is trading at the level of IDR 6,460. DOGE price performance increased 4.2% in the last 24 hours.