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Dogecoin Retreats After Topping Ford and Kraft in Market Value

  • The token had soared more than 400% in the past week
  • It’s all part of the dizzying trajectory for Dogecoin
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For a cryptocurrency created as a joke, Dogecoin finds itself in some serious company.

After a 400% rally in the past week, the total value of all circulating Dogecoins in the world briefly rose to as much as $50 billion, according to data provider CoinMarketCap.com. The digital token later retreated by about 20% Tuesday, reducing its market value by around $10 billion from the high.