Dogecoin becomes more valuable than XRP and gets closer to BNB…will it become the third largest cryptocurrency soon!
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Answer Dogecoin becomes more valuable than XRP and gets closer to BNB…will it become the third largest cryptocurrency soon!
The digital currency “Dogecoin” that started as a joke is becoming more serious day by day 🙂
Dogecoin touched an all-time high of $0.68 today after jumping more than 50% in one day.
The cryptocurrency “Dogecoin” exceeded the total market capitalization of XRP today, Wednesday, and is rising closer to the market value of the BNB coin, which is 14 billion dollars away from it.
According to the latest data that posted it Coinmarketcap, Dogecoin now has a market capitalization of over $85 billion, nearly $20 billion greater than the total market capitalization of XRP.
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Dogecoin is now the fourth most expensive cryptocurrency in the world after Bitcoin (BTC), Ethereum (ETH) and Binance (BNB).
Dogecoin entered the top 5 cryptocurrency list yesterday after beating the total market cap of the digital stablecoin Tether (USDT).
The price of the cryptocurrency “Dogecoin” has now increased by more than 11000% since the beginning of 2021.
While the price of XRP has increased nearly 500% in the past four months.
Dogecoin is growing in popularity among retail traders even more as trading volumes in the world’s fourth largest digital currency have risen to a record level.
According to the latest data published by crypto analytics platform bybt.com, DOGE short positions worth nearly $200 million have been liquidated in the past 24 hours amid the cryptocurrency price hike.
On the other hand, nearly $80 million of long and short XRP positions were liquidated during the same period.
Gemini trading platform supports Dogecoin:
Gemini yesterday announced support for Dogecoin trading.
The company has already opened Dogecoin deposits and stated that users will be able to trade the digital currency soon.
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According to Gemini’s official announcement:
Dogecoin continues the Bitcoin tradition of giving people back control of money.
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Yes, it’s a meme coin, but all money is a meme.
And all money is an idea and a matter of faith.
Over the millennia of money’s history, the majority of money (whether it was shells, beads, precious metals, etc.) was what we, the people, valued and believed in.
DOGE is currently trading above $0.65 with a market capitalization of $85 billion.
XRP, the fifth most valuable cryptocurrency in the world, is trading near $1.45 with a market capitalization of over $65 billion.
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