##**Dogecoin Surpasses Ford!**
**Date:** November 12, 2024
**Summary:** In a surprising turn of events, the market value of **Dogecoin** has surpassed that of **Ford Motor Company**[](https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11 "1"). This phenomenon occurred following the recent rise of cryptocurrencies, driven by Donald Trump's victory in the presidential elections[](https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11 "1").
**Details:**
- **New market value:** Dogecoin has reached a market capitalization of **$53 billion**, surpassing Ford, which has a capitalization of approximately **$47 billion**[](https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11 "1").
- **Post-election surge:** Since Trump's victory, Dogecoin has experienced a **157%** increase in its value[](https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11 "1").
- **Influence of Elon Musk:** Elon Musk, known for his support of Dogecoin, has been a key figure in this increase, promoting the cryptocurrency on several occasions[](https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11 "1").
- **Comparison with other companies:** Besides Ford, Dogecoin is now worth more than other well-known companies such as Allstate, Keurig Dr Pepper, and Kimberly-Clark[](https://markets.businessinsider.com/news/stocks/dogecoin-price-market-value-ford-crypto-boom-trump-elon-musk-2024-11 "1").
**Conclusion:** This phenomenon underscores the growing influence of cryptocurrencies in the global market and how political events can significantly impact their value. Dogecoin, which started as a joke, has proven to be an unstoppable force in the financial world.
