The price of Dogecoin has increased by more than 500% in the last ten days, resulting in a market capitalization of $50 billion. This places it ahead of ING, Barclays, and Credit Agricole. Elon Musk, the CEO of Tesla and SpaceX, propelled the meme-driven cryptocurrency higher. It's also accepted by the Dallas Mavericks for merchandise sales. As the cryptocurrency market matures, inefficiencies can vanish, and institutional-focused exchanges will begin to sell altcoin derivatives.