Cryptocurrency Dogecoin Becomes More Valuable than XRP
- The digital asset spiked nearly 50% in the last 24 hours.
Dogecoin (DOGE) touched an all-time high of $0.68 today after a jump of more than 50% within a single day. The digital currency crossed the total market cap of XRP on Wednesday after a significant surge in demand from retail investors.
According to the latest data published by Coinmarketcap, Dogecoin now has a market cap of more than $88 billion, approximately $25 billion more than the total market cap of XRP. Dogecoin is now the 4th most valuable digital currency in the world after Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).
Dogecoin entered the list of top 5 cryptocurrencies yesterday after beating the total market cap of the world’s most valuable Stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term Tether (USDT). DOGE is now up by more than 11,000% since the start of 2021. XRP price has gained nearly 500% in the last 4 months.
Dogecoin’s popularity among retail traders is surging as trading volumes of the world’s 4th largest digital currency spiked to a record high. According to the latest data published by crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform, bybt.com, approximately $200 million worth of short DOGE positions were liquidated in the last 24 hours amid a surge in the price of the cryptocurrency. On the other hand, nearly $80 million worth of long and short XRP positions were liquidated during the same period.
Gemini Supports Dogecoin
Digital exchange, Gemini announced yesterday that the company is now supporting Dogecoin. The company has already opened deposits for DOGE and mentioned that users will be able to trade the digital currency shortly.
“Dogecoin continues Bitcoin’s tradition of giving the control of money back to the people. Yes, it’s a meme coin, but all money is a meme. And, all money is both an idea and a matter of faith or belief in it. Over the multi-millennia history of money, the majority of money (be it shells, beads, precious metals, etc.) has been what we the people say it is and believe it is,” Gemini mentioned in the official announcement.
DOGE is currently trading above $0.67 with a market cap of $87 billion. XRP, the world’s 5th most valuable cryptocurrency, is trading near $1.43 with a market cap of over $64 billion.
Dogecoin (DOGE) touched an all-time high of $0.68 today after a jump of more than 50% within a single day. The digital currency crossed the total market cap of XRP on Wednesday after a significant surge in demand from retail investors.
According to the latest data published by Coinmarketcap, Dogecoin now has a market cap of more than $88 billion, approximately $25 billion more than the total market cap of XRP. Dogecoin is now the 4th most valuable digital currency in the world after Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).
Dogecoin entered the list of top 5 cryptocurrencies yesterday after beating the total market cap of the world’s most valuable Stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term Tether (USDT). DOGE is now up by more than 11,000% since the start of 2021. XRP price has gained nearly 500% in the last 4 months.
Dogecoin’s popularity among retail traders is surging as trading volumes of the world’s 4th largest digital currency spiked to a record high. According to the latest data published by crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform, bybt.com, approximately $200 million worth of short DOGE positions were liquidated in the last 24 hours amid a surge in the price of the cryptocurrency. On the other hand, nearly $80 million worth of long and short XRP positions were liquidated during the same period.
Gemini Supports Dogecoin
Digital exchange, Gemini announced yesterday that the company is now supporting Dogecoin. The company has already opened deposits for DOGE and mentioned that users will be able to trade the digital currency shortly.
“Dogecoin continues Bitcoin’s tradition of giving the control of money back to the people. Yes, it’s a meme coin, but all money is a meme. And, all money is both an idea and a matter of faith or belief in it. Over the multi-millennia history of money, the majority of money (be it shells, beads, precious metals, etc.) has been what we the people say it is and believe it is,” Gemini mentioned in the official announcement.
DOGE is currently trading above $0.67 with a market cap of $87 billion. XRP, the world’s 5th most valuable cryptocurrency, is trading near $1.43 with a market cap of over $64 billion.