Dogwifhat is not the first dog-themed coin to reach a multi-billion dollar valuation despite being based on an internet meme: Dogecoin (DOGE) reached a market capitalization of $75.2 billion in May 2021 and is currently valued at $30.2 billion.
The price of #Dogwifhat , to equal the market capitalization of #DOGE , would have to be $30.8 per token, an eight-fold increase, which is not unusual in the #meme world.
During the 2021 bull market, Dogecoin's price rose more than 892% in one month, from $0.07433 on April 12, 2021 to an all-time high of $0.7376 on May 6.
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