Dogecoin (DOGE) Comes Close to Flipping XRP After Soaring 1,000 Percent in 24 Hours

Alex Dovbnya

The richest person on the planet has helped Doge come close to surpassing XRP

News

Fri, 29/01/2021 - 5:29

Dogecoin (DOGE) Comes Close to Flipping XRP After Soaring 1,000 Percent in 24 Hours

Cover image via stock.adobe.com

Read U.TODAY on

Google News

The GameStop madness has sipped into the cryptocurrency market, with meme cryptocurrency Dogecoin (DOGE) rallying over 1,000 percent in just 24 hours. It peaked at $0.0875 on the Binance exchange at 04:01 a.m. UTC.

Dogecoin — which was originally created as a joke — came close to surpassing Cardano (ADA) and XRP by market capitalization. It was valued at more than $10 billion at its peak.

The momentum of the meme coin was bolstered by another shout-out from Tesla CEO Elon Musk who tweeted a magazine cover with the “Vogue” title.

GameStop Vibes: Dogecoin (DOGE) Collapses 35 Percent in Minutes

After violently retracing to $0.055, Dogecoin recovered to $0.079 in minutes.

#Dogecoin News #Ripple News #Elon Musk

About the author

Alex Dovbnya

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.