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Dogecoin Passed a Market Cap of Over $75 Billion
From:
Greg Womack -- Oklahoma Financial Adviser Greg Womack -- Oklahoma Financial Adviser
Oklahoma City, OK
Monday, May 10, 2021

 

The cryptocurrency 'Dogecoin' (which started out as a joke by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer) has passed a market cap of over $75 billion—more valuable than the iconic Ford Motor Company.  (By the way, Jackson Palmer says the correct pronunciation is "dohj coin").  

After this weekend's appearance on Saturday Night Live by populist Dogecoin promoter and Tesla CEO Elon Musk (during which he joked Dogecoin was a "hustle"), Dogecoin fell from a pre-SNL high of 72c to as low as 43c but had rebounded to 57c as of mid-Sunday evening.  Whatever its merits or demerits, Dogecoin is certainly the most valuable joke in the known universe!

 

Best regards, 

Womack Investment Advisers, Inc.

 

WOMACK INVESTMENT ADVISERS, INC.

Oklahoma / Main Office: 1366 E. 15th Street - Edmond, OK  73013

California Office: 4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122

Phone (405) 340-1717 - Toll Free (877) 340-1717 

Website:  www.womackadvisers.com

Womack Investment Advisers, Inc. (WIA) is a registered investment adviser whose principal office is located in Oklahoma. Womack Investment Advisers, Inc. is also registered in the State of California, the State of Illinois, the State of Indiana, and the State of Texas. WIA only transacts business in sates where it is properly registered, or excluded, or exempted from registration requirements.

News Media Interview Contact
Name: Greg Womack
Title: President
Group: Womack Investment Advisers
Dateline: Edmond, OK United States
Direct Phone: 405-340-1717
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