Dogecoin is now the fourth-largest cryptocurrency by market cap replacing XRP for the spot seeing its market cap top $70 billion. The meme currency rallied over 45% to reach a new ATH above $0.60 rising from $0.397 for the day.
Source: CoinMarketcap
The meme currency has been on a record spree this month as it recorded its previous ATH above $0.43 at the start of this month which was fueled by TikTok frenzy and social media abuzz and of course the Elon Musk effect. The current rally is also believed to be in anticipation of the upcoming SNL skit by Elon Musk.
chart by Tradingview
Musk has also been called out by many for hyping and shilling Dogecoin that might drive many amateurs investors into heavy losses, however looking at the current price of Doge, it seems those shillings have eventually worked for many TikTok based investors and many of whom have turned millionaires overnight. However, it is also important to note that despite Musk heavily shilling Dogecoin has himself bought Bi
Źródło: https://coingape.com/dogecoin-replaces-xrp-to-become-4th-largest-cryptocurrency-now-bigger-than-bmw/
