Meme cryptocurrency Dogecoin (DOGE) has surpassed XRP by market capitalization, according to data provided by cryptocurrency analytics firm CoinGecko. The whimsical Bitcoin parody is now the seventh-biggest cryptocurrency by market capitalization.
The price of DOGE is up more than 25% over the past 24 hours alone. Other meme cryptocurrencies, such as Pepe (PEPE), dogwifhat (WIF), and Bonk (BONK), are also in the green with double-digit gains.
DOGE and XRP are worth $30.45 billion and $30.40 billion, respectively, according to the latest data.
The flagship meme coin has now managed to surpass the $0.20 level for the first time since April.
However, the cryptocurrency is still down as much as 72% from the record high that was achieved back in 2021. Back then, the cryptocurrency benefited from frequent tweets and mentions by Tesla CEO Elon Musk. The meme cryptocurrency, which was originally launched as a frivolous Bitcoin parody, ended up breaking into the mainstream and surging to the 4th spot by market capitalization. Despite losing its luster, the meme coin managed to stick around in the top 10 alongside other major altcoins.
Alex DovbnyaThe latest price surge has coincided with some notable whale moves. According to data provided by Whale Alert, 75 million Dogecoin (DOGE) tokens were recently transferred from Robinhood to an unknown wallet.
In other news, Solana (SOL), the leading Ethereum (ETH) killer, has once again surged to fourth place by market capitalization, surpassing Binance Coin (BNB).
As reported by U.Today, the price of Bitcoin recently surpassed the $75,000 level for the first time. The largest cryptocurrency is up by 9% over the past 24 hours alone.
Arman Shirinyan
Vladislav Sopov
Dan Burgin
U.Today Editorial Team