Dogecoin Market Cap Surpasses Major Companies as Meme Coin's Resurgence Continues

Dogecoin (DOGE) has seen a strong resurgence in 2024, with its price up over 100% year-to-date and market cap reaching $32 billion.

DOGE's rise has been fueled by an increase in meme coin investment and attention, as well as supportive comments from Elon Musk about potentially allowing Tesla purchases with DOGE.

DOGE now has a higher market cap than major public companies like Delta Airlines, HP, Dollar Tree, MicroStrategy, and eBay.

The meme coin's market cap and popularity is impressive given that DOGE has only had 40 contributors since launch and started as a joke.

Critics see DOGE's rise as representing the crypto community's tendency to inflate assets with little underlying value simply through hype and speculation.