Dogecoin Outperforms Southwest Airlines in Market Capitalization

The market cap of Dogecoin (DOGE) has surpassed that of Southwest Airlines, the largest low-cost airline in the world. Dogecoin hit a new all-time high of $0.298 this morning on Binance with a market cap of over $39 bln. At the time of writing, the token price was $0.33 with a market capitalization of over $42 bln.

Dogecoin is ranked 7th by market cap on CoinMarketCap, behind Uniswap and Litecoin. Another indicator of Dogecoin's success is its trading volume, which surged to $51.36 bln in the last 24 hours, coming third behind Bitcoin and Tether.

The last time the rapid growth of Dogecoin was on April 1, as a result of another tweet by Elon MUSK. At that time, SpaceX planned to deliver Dogecoin to the moon. Half an hour later, the value of Dogecoin increased by 20%.

Image: 3DNews