Dogecoin is valued Higher Than Ford and Twitter Right Now - Thepodiummedia

Post published:May 4, 2021
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Is Dogecoin worth more than Ford and Twitter? It looks like it

An illustration shows coins in a dog bowl, symbolizing the cryptocurrency Dogecoin. — Is Dogecoin worth more than Ford and Twitter? It looks like it

Dogecoin may have a higher value of Twitter and Ford.

Is Dogecoin worth more than Twitter?

Dogecoin — a meme-based cryptocurrency — is currently being valued at $49.8 billion, which is higher than Ford ($45.2 million) and Twitter ($44.1 billion), per Yahoo! Finance.

And the company ranks at No. 255 on the Asset Dash rankings, which is right below No. 254 Newmont Corporation, which is the biggest gold-mining company in the world.

“Dogecoin being valued higher than a traditional commodity-based company like Ford or just lower than one like Newmont Corporation continues the longstanding paradox that faces traditional investors with cryptocurrencies holding no physical value,” according to Yahoo! Finance.

Is Dogecoin really a stable investment?

What’s holding Dogecoin back?

Dallas Mavericks owner Mark Cuban recently explained that Dogecoin may be held back because it isn’t available to use for buying products right now.

“Meme coins like Doge only work if they gain utility and users use them for that utility,” he tweeted.
“As long as more companies take doge for products/services, then Doge can be a usable currency,” he tweeted.

Will Dogecoin continue to rise?

Dogecoin just surged again in price. Here’s why

Part of that problem stems from the app Robinhood, where people can buy and sell their cryptocurrencies. The app currently doesn’t allow people to withdraw their Dogecoin holdings.Report ad

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But Robinhood CEO Vlad Tenev said the app will probably change that and allow people to withdraw their Dogecoin and cryptocurrency holdings in the near future

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Morak Babajide-Alabi is a graduate of Mass Communication with a Master of Arts Degree in Journalism from Napier University, Edinburgh, United Kingdom. He is an experienced Social Media practitioner with a strong passion for connecting with customers of brands.

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He had a successful media practice at The Guardian, Punch and This Day.

He started his brand management career at Owena Bank as Media Relations Manager before joining Prudent Bank (now Polaris Bank) as the pioneer Head of Corporate Affairs.

The British Council appointed him as Head of Communication and Marketing to co-ordinate branding and reputation management activities at its Lagos, Abuja, Kano and Port Harcourt offices.

In 2007, he was recruited as the Head of Corporate Planning and Strategy for the Nigerian Aviation Handling company. He led on the branding, strategic planning and stakeholder management support function.

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He has published several articles and authored five management books.

He has benefitted from several domestic and international training programmes on Brand Management, Corporate Communications, Change Management and Organizational Strategy.

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