Sign Up on MEXCDogecoin Replaces XRP to Become 4th Largest Cryptocurrency, Now Bigger Than BMW
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.
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.
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 Bitcoin and started accepting it as a form of payment for the electric cars.
Doge Now Bigger Than BMW
What started as a meme and later turned into a community-driven truly decentralized cryptocurrency has had quite a phenomenal year rising over 6X since the start of the year. While many don’t really like its mammoth rise claiming it has no use case and points towards its meme origins. However, this year it was not just its price that saw new records, Doge is now increasingly being used as a form of payment for many platforms including a Nissan dealership and NBA team Dallas Mavericks merchandise.
[custom-related-posts title=”Related Posts” none_text=”None found” order_by=”title” order=”ASC”]
The cryptocurrency has not just overtaken XRP in terms of market cap and broke into top-5 crypto assets, its market cap of $70 billion also makes it bigger than BMW, Ford, and Twitter.
- Grayscale’s XRP, SOL, ADA Fund To Begin Trading Tomorrow Following SEC’s Greenlight
- Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook
- Pi Coin Rises As Pi Network Implements Protocol v23 on Testnet
- Tether-Backed Plasma Stablecoin Blockchain Set to Launch on September 25
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
