Dogecoin Cracks Top 20 on CoinMarketCap

News
Fri, 09/07/2018 - 20:06
Alex Dovbnya
An immensely successful “joke” crypto Dogecoin has reached a new milestone. After recently witnessing a huge growth in price, the coin’s market cap is sitting at $619 mln
Cover image via U.Today

An immensely successful “joke” cryptocurrency Dogecoin has reached a new milestone by joining the top 20 biggest digital assets by a market capitalization. After recently witnessing a huge growth in price, the coin’s market cap is sitting at a whopping $619 mln. It is worth mentioning that Dogecoin has jumped by over 14 places in only one month. With that being said, the top 10 ranking doesn’t seem to be that far-fetched.

While Dogecoin has a reputation of being used by market manipulators in crypto pump-and-dump schemes, this rise in price seems completely organic. Experts state that the sudden spike is the result of a much awaited “Dogethereum Bridge.”
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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