Dogecoin Crosses $10 Billion Market Cap, DOGE Beats XLM and BCH

Dogecoin is now the world’s 10th most valuable cryptocurrency after a 40% jump in the last 24 hours pushed the total market cap of DOGE to a record high. Dogecoin’s market cap reached $10 billion on Monday, more than Stellar (XLM) and Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash (BCH).

Dogecoin has posted significant gains since the start of 2021, the cryptocurrency started this year with a market cap of $600 million and a price level of $0.004. DOGE is up nearly 100% in the last 7 days as the trading volume of the world’s 10th largest cryptocurrency reached the highest level on record.

Tesla CEO, Elon Musk remained outspoken about Dogecoin, though most of the time he made fun of the cryptocurrency with his tweets, it seems like the demand for the cryptocurrency has increased due to his Dogecoin statements.

“I occasionally make jokes about Dogecoin but that’s because Doge was made to make fun of crypto assets. The most ironic outcome would be that Dogecoin becomes the currency of earth in the future,” Musk said during a conversation on social networking app Clubhouse recently.

In his latest tweet about the cryptocurrency, Elon Musk teased the crypto community by saying that Dogecoin is the people’s crypto.

Dogecoin’s Market Cap

DOGE has beaten leading Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term including Bitcoin Cash, Bitcoin SV, Stellar, USD Coin and EOS in terms of market cap. The cryptocurrency is now more valuable than DeFi tokens including Aave, Uniswap and Wrapped Bitcoin. Dogecoin’s market cap is just behind Chainlink and Litecoin. Another 10% jump in DOGE price will make it more valuable than LINK and LTC. The cryptocurrency market currently has a market cap of nearly $1.2 trillion, its highest level on record.

Bitcoin, the world’s largest cryptocurrency jumped above $40,000 on Saturday as the total market cap of BTC reached $726 billion. Ethereum jumped above $1,700 for the first time last week ahead of its CME Futures launch. ETH’s total market cap stands at around $185 billion.