Dogecoin continues with its impressive performance by charting another ATH and surpassing XRP in terms of market capitalization.
The global adoption for the popular meme coin Dogecoin continues with the listing on the Winklevoss-run exchange – Gemini. At the same time, the token skyrocketed to yet another all-time high above $0.6 and it became the fourth-largest crypto, surpassing Ripple (XRP).
CryptoPotatoreported earlier today Dogecoin’s spectacular performance in this year, charting YTD gains of nearly 10,000%.
However, that was hours ago, which in the cryptocurrency and Dogecoin, in particular, world, feels more like decades.
At that point, DOGE’s latest record was just shy of $0.50. Not only the Shiba Inu-inspired token broke above that level in the following hours, but it kept going upwards to its latest all-time high of over $0.6.
Despite retracing since then, Dogecoin still trades above $0.50 and its market capitalization is close to $70 billion.
As a result, the meme coin became the fourth-largest cryptocurrency by that metric. This meant that it surpassed Ripple (XRP), whose market cap is just over $60 billion.
According to data from AssetDash, Dogecoin also entered the top 200 global assets. After overcoming giants like BMW and MetLife, the token, which started as a joke, is now also larger than the Intercontinental Exchange and Moody’s Corporation.
The latest price surge came amid favorable news from the US-based cryptocurrency exchange – Gemini. The trading venue led by Tyler and Cameron Winklevoss announced that users can deposit DOGE tokens to the platform and trading should open soon.
This became the second major listing in a day for DOGE, after the addition on eToro earlier today.
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn
