Dogecoin recently jumped a staggering 50% in just a day, shifting its price to $0.68 per coin, which is an all-time high for the cryptocurrency. DOGE surpassed the total market cap value of XRP this Wednesday after retail investors’ demand for the coin boomed.
Coinmarketcap, a price tackling website for crypto assets, disclosed data that states that Dogecoin’s market cap has surpassed the $88 billion mark. This is around $25 billion more than that of XRP. Moreover, DOGE is now the fourth most valuable crypto coin in the market, behind BTC, ETH, and Binance Coin (BNB). Dogecoin entered the top 5 after it beat the market cap of Tether, the most valuable of all stablecoins.
Another crypto analytic platform bybt.com, some $200 million worth of DOGE were liquidated in the last 24 hours. This happened after the spike in the asset’s price.
The cryptocurrency DOGE is currently priced at $0.67. Its market cap is at $87 billion, and hte coin is up by some 11 000 percent since the beginning of the year.
Meanwhile, Binance’s own Binance Coin (BNB) recently surprised the value cap of $100 billion, adding more than 20% in its price over the last 7 days. It is currently the third-largest crypto derivate on the market, right after Bitcoin and Ethereum.