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Dogecoin Tops XRP as Its Market Cap Swells to $72 Billion

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Tue, 05/04/2021 - 12:55
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Alex Dovbnya
While everyone is screaming about a massive bubble, Dogecoin keeps climbing up crypto charts
Dogecoin Tops XRP as Its Market Cap Swells to $72 Billion
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Joke cryptocurrency Dogecoin continues its shocking ascent, now surpassing Ripple-affiliated XRP by market capitalization for the first time since 2014, according to CoinMarketCap data. Back then, both of them were below Nxt, Dash and Peercoin.

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Image by coinmarketcap.com

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Dogecoin is bigger than BMW

The meme coin logged yet another all-time high at 12:31 p.m. UTC, with its market cap swelling to a staggering $72 billion. To put things into perspective, the cryptocurrency, which originally began as a Bitcoin parody, is now bigger than Santander, Intercontinental Exchange and BMW.

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At press time, Dogecoin occupies fourth place, its highest position ever, on CoinMarketCap.

It is now up nearly 16,000 percent in 2021, demolishing the returns of every other major cryptocurrency save for Binance Coin. Dogecoin is also the best-performing coin in the top 100 over the past 24 hours, rising by over 35 percent.

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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.