Dogecoins Are Now Worth More Than $50 Billion, Making Them More Valuable Than These Top American Manufacturers What started off as a joke is now being taken seriously by a growing number of investors.

By Justin Chan

Dogecoin's total market value of nearly $50 billion makes it bigger than the market cap of some of America's top manufacturers, according to Bloomberg.

In the past week, the digital currency — modeled in 2013 after the popular "Doge" meme — has spiked 400% and become one of the top 10 cryptocurrencies in the market. Its $50 billion market cap almost rivals that of Twitter ($54.3 billion) and places it above Ford Motor Co. ($48.3 billion), Bloomberg reports.

Related: Dogecoin Maybe Worth More Than $1 At The End Of 2021

Dogecoin continued to climb in the early hours of Tuesday, 4/20, with many fans using #DogeDay to celebrate the smoking of marijuana. As of this writing, however, it has since dipped down to 34 cents per token.

In recent months, Dogecoin has been gaining steam due to support from companies like Slim Jim and tech figures like Elon Musk. Still, several investors have expressed concerns that the digital currency's spike could cause a potential bubble.

Justin Chan

Entrepreneur Staff

News Writer

Justin Chan is a news writer at Entrepreneur.com. Previously, he was a trending news editor at Verizon Media, where he covered entrepreneurship, lifestyle, pop culture, and tech. He was also an assistant web editor at Architectural Record, where he wrote on architecture, travel, and design. Chan has additionally written for Forbes, Reader's Digest, Time Out New YorkHuffPost, Complex, and Mic. He is a 2013 graduate of Columbia Journalism School, where he studied magazine journalism. Follow him on Twitter at @jchan1109.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

She Quit Her Job at Trader Joe's After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

Jaime Holm and Matt Hannula teamed up to build a business in an industry that "didn't exist" yet.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Growing a Business

This Local Bakery Has Lines Out the Door. Here Are the Secrets to Its Success.

Known for its viral flat croissants and innovative desserts, Alexander's Patisserie also excels in hands-on leadership and team culture.

Business News

Microsoft Is Laying Off Over 6,000 Employees, About 3% of Its Workforce. Here's Why.

The company said the cuts will affect all divisions and locations, with a focus on managers.

Growing a Business

How to Build the Ultimate Partner Network for Your Startup

Having a network of strategic partners is essential for sustainable growth. Here's why — and what it takes to build one.