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Market cap of Dogecoin soars to more than $80 bil., higher than Moderna, GM Updated: 2021-05-06 09:58:42 KST

The global surge in demand for cryptocurrency has seen the market capitalization of the meme-inspired Dogecoin soar past 80 billion U.S. dollars.
Started in 2013, the token has exploded in price, spiking more than 13-thousand percent in recent months.
This puts its market cap above many internationally-recognized corporations, including Adidas, BMW and General Motors.
Watchers say Dogecoin's rally was mostly sparked by social media postings by Dogecoin fan, Elon Musk, as anticipation grows for his guest hosting of Saturday Night Live this weekend.
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