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Dogecoin Returns to Top 10 Amid Subdued Market Recovery

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Sun, 01/23/2022 - 18:00
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Alex Dovbnya
Did you miss it? The original canine coin has graced the top ten cryptocurrencies by market cap once again
Dogecoin Returns to Top 10 Amid Subdued Market Recovery
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Meme cryptocurrency Dogecoin (DOGE) has returned to the list of top ten cryptocurrencies for the first time in almost two months.

The original canine coin is currently valued at $18 billion.

CMC
Image by coinmarketcap.com

On Jan. 22, Dogecoin took a drubbing together with the rest of the cryptocurrency market. It plunged to $0.12, the lost level since mid-April 2021, before recovering more than 20% from the multi-month low.          
 
Polkadot (DOT) has now slipped to the 11th spot after failing to stage a convincing recovery.     

As reported by U.Today, Dogecoin left the top 10 in early December 2021. It was kicked out by Terra (LUNA). The latter remains in ninth place, trading $67 at the time of writing.

Last January, Dogecoin returned to the top ten for the first time since January amid a massive rally fueled by Tesla CEO Elon Musk. On May 8, its price peaked at $0.73.    

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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.