Dogecoin (DOGE) Surpasses XRP Following Massive Price Surge

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As a seasoned crypto investor with a knack for spotting trends and a sense of humor that rivals Wall Street’s best, I must admit, this Dogecoin (DOGE) surge has me barking with delight! After all, who would have thought that a meme coin inspired by an internet joke would outpace the mighty XRP in market cap?

As per data from the crypto analysis company, CoinGecko, the meme-based cryptocurrency Dogecoin (DOGE) now ranks higher in market value than Ripple‘s XRP.

The price of DOGE is up more than 25% over the past 24 hours alone. 

As a researcher, I’ve recently uncovered some intriguing figures regarding the market capitalization of two notable cryptocurrencies – Dogecoin (DOGE) and Ripple (XRP). The latest data suggests that DOGE stands at approximately $30.45 billion, while XRP is slightly behind with a valuation of around $30.40 billion.

The flagship meme coin has now managed to surpass the $0.20 level for the first time since April. 

Nevertheless, the cryptocurrency has dropped significantly, currently standing at approximately 72% below its peak record set in 2021.

The recent price jump corresponds with significant transactions made by ‘whales’ or large investors. As per the data from Whale Alert, approximately 75 million Dogecoin (DOGE) tokens have been moved from Robinhood to a yet unidentified digital wallet.

Meanwhile, it’s worth noting that Solana (SOL), often referred to as a top challenger to Ethereum (ETH), has climbed up the rankings yet again. This time, it has moved into fourth position by market capitalization, outpacing Binance Coin (BNB).

According to U.Today’s report, Bitcoin has reached a new high of $75,000 for the first time ever. In just the last day, it has experienced an impressive 9% increase in value.

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2024-11-06 10:02