Dogecoin Close to Hitting $100 Billion Market Cap, Ranks 4th
CoinEdition
Published May 05, 2021 07:32AM ET
Updated May 05, 2021 08:00AM ET
Dogecoin Close to Hitting $100 Billion Market Cap, Ranks 4th
- Dogecoin (DOGE) continues to increase its market capitalization to almost $100 billion.
- DOGE is the 4th largest cryptocurrency in terms of market capitalization.
- Also, DOGE price remains stable despite market volatility.
Dogecoin (DOGE) continues to take the crypto world by storm. The altcoin increased its market capitalization to almost $100 billion and is now the 4th ranking crypto.
To clarify, Dogecoin’s huge rise in market cap enabled the crypto to dethrone Ripple (XRP) from its position. As a result, DOGE now sits at the 4th position after Binance Coin (BNB) based on CoinMarketCap.
Furthermore, DOGE is one of the cryptocurrencies that remained strong despite the market decline in the past week. Specifically, DOGE recorded a 30-day increased rate of over +105% while the other altcoins dropped by almost -10%. Truly, this is proof of how stable DOGE is in this period of pandemic and market chaos.
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