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November 29, 2022
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Overtaking XRP, Dogecoin is now the fourth largest cryptocurrency by market capitalization

Dogecoin continues its impressive performance by plotting another ATH and surpassing XRP in terms of market capitalization.

The global adoption of the popular Dogecoin meme currency continues with the exchange listing run by the Winklevoss brothers – Gemini. At the same time, the token skyrocketed to another historic record above $ 0.6 and became the fourth largest cryptocurrency, surpassing the XRP.

CryptoPotato reported at the beginning of today, Dogecoin’s spectacular performance this year, recording year-to-date gains of almost 10,000%. However, that was hours ago, which in the world of cryptocurrency and Dogecoin, in particular, looks more like decades.

At that point, DOGE’s most recent record was just a shy $ 0.50. Not only did the Shiba Inu-inspired token surpass that level for the next few hours, but it continued to rise to its most recent record of more than $ 0.6.

Despite going backwards since then, Dogecoin is still traded above $ 0.50 and its market capitalization is close to $ 70 billion.

DOGE / USD. Source: TradingView

As a result, the meme currency has become the fourth largest cryptocurrency in that metric. This means that it has surpassed the XRP, whose market value is just over $ 60 billion.

According to AssetDash data, Dogecoin also entered the top 200 global assets. After beating giants like BMW and MetLife, the token, which started out as a joke, is now bigger than the Intercontinental Exchange and Moody’s Corporation.

The latest price hike came amid favorable news from the United States-based cryptocurrency exchange – Gemini. The trading platform led by Tyler and Cameron Winklevoss announced that users can deposit DOGE tokens on the platform and trading should open soon.

This became the second largest listing in a day for DOGE, after being added to eToro earlier today.

Source: CryptoPotato

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