How Much Of The DOGE Crypto Coin Market Cap Is Real?

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The DOGE virtual crypto coin, having gone up 4X time price from where it was on Labor Day, has a market cap now of $59 billion.

For comparison sakes Target stock has a market cap of $60 billion.

Target has real world stores and generates a 2.87% dividend for shareholders, who own an interest in the Target company by owning the stock, while the DOGE coin has no function in the real world and represents ownership in NOTHING.

What would you rather own, if you could buy it all - all of the shares of Target or all of the shares of DOGE?

DOGE is a speculative virtual gambling coin that people buy in the expectation that others will buy it, after they do, and make it go up more.

Of course, it has been heavily promoted by Elon Musk and his Twitter/X algorithms, so almost everyone knows about it, even if they cannot name any other crypto virtual coin besides Bitcoin.

But has $59 billion in real money actually flowed into it?