There appears to be no halting the DOGE run.
The cryptocurrency designed as a joke in 2013 soared to a new record high over $0.43 on Monday, expanding the previous week’s 340% bull run, as reported by data source Messari.
As a result, the meme-inspired crypto temporarily replaced the payments-centred XRP as the fourth-largest digital currency by the market cap when prices hit the new record. Meanwhile, its market capitalization rose to over $54 billion, Messari indicated.
At the time of writing this piece, Dogecoin is trading at $0.4011, with a market value of nearly $50 billion. XRP’s market value holds at $53.4 billion, at the current price of $1.39. Bitcoin remains the foremost cryptocurrency, with a total market cap exceeding $1.07 trillion.
DOGE’s latest rally has boosted price hopes for the rest of 2021. According to data from the betting platform us-bookies.com, oddsmakers now foresee a 17% probability of Dogecoin improving to $1 by the year-end, compared to just 3% at the start of April.
We remind that Dogecoin was boosted earlier this year by Tweets by celebrities like billionaire Elon Musk and gangster rapper Snoop Dogg.
