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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Source: Cryptocurrency - investing.com
