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Dogecoin Returns to Top 10 Amid Subdued Market Recovery

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Sun, 23/01/2022 - 18:00
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.

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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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