XRP has given way to Dogecoin, for it to become the world’s number four cryptocurrency. In the latest report, it is confirmed that Dogecoin price is up 13,600 percent so far in 2024.
In other words, the price of Dogecoin has now gone up so high above $0.69 per coin. This price point, it is said, is the point originally targeted by the Dogecoin community ahead of DogeDay last month.
According to the details fetched from CoinMarketCap, Dogecoin has not only vaulted XRP, but the total market capitalization of the coin is now roughly $87 billion.
With this growth sustained, it appears as if Dogecoin can later hope to compete with the world’s greatest Bitcoin and Ether. Those two are still very much away from Dogecoin because they have a combined value of $1.4 trillion, yet a podium position is now within reach for Dogecoin.
Dealers in Dogecoin hope that the coin can maintain this growth, even adding to it at such a ferocious pace, it may soon displace the number three cryptocurrency in the world, Binance Coin, which is worth $99 billion.
The growth of Dogecoin sees it at this latest surge, up by more than 13,600 percent year-to-date. This growth goes beyond the growth that Bitcoin has seen – +90 percent, and Ether’s 375 percent growth.
Dogecoin is fairly new to the game. It was launched in 2013 by IBM developer Billy Markus and Adobe data scientist Jackson Palmer. It was created to satirize the online frenzy that was built around the cryptocurrency surge at that time. Now, Dogecoin becomes something more than a pun.
It is now receiving a large cult following. Many notable individuals are now interested in cryptocurrency. Among them are famous musicians, scientists, and businessmen, and women worldwide.
