Cardano

Dogecoin

April

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Dogecoin (DOGE) has once again <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">overtaken</a> Cardano (ADA) to become the eighth-largest cryptocurrency.
According to the latest market data, Dogecoin's market cap has soared to approximately $28 billion, edging out Cardano's valuation of $27.3 billion.
The chief meme cryptocurrency managed to achieve this after making a stunning V-shaped recovery. It is worth noting that Dogecoin has significantly outperformed other altcoins over the past 24 hours. In fact, it is the fifth best-performing cryptocurrency in the top 100 over the past 24 hours.
According to the latest IntoTheBlock data, approximately 57.62% of addresses are "in the money," holding Dogecoin at a profit. At the same time, 34.15% are "out of the money," indicating holdings at a loss. A minor portion, 8.22%, sits "at the money."
Moreover, the market has witnessed significant activity, with 4.33K large transactions recorded in the last 24 hours alone, matching a seven-day high.
As <a href="https://u.today/dogecoin-doge-overtakes-cardano-ada-is-shiba-inu-shib-next" rel="noopener noreferrer nofollow">reported by U.Today</a>, the market cap of Dogecoin also briefly surpassed Cardano earlier this March. Cardano founder Charles Hoskinson took a light-hearted jab at the popular meme coin: "It's officially alt-season kids."
With that being said, Dogecoin still has a long way to go until it manages to reach its previous peak. The most popular meme coin is still down a whopping 76% from its all-time high despite the fact that Bitcoin and some altcoins recently reached new peaks.
Back in April 2021, as reported by U.Today, Dogecoin <a href="https://u.today/dogecoin-tops-xrp-as-its-market-cap-swells-to-72-billion" rel="noopener noreferrer nofollow">managed</a> to reach fourth place by market capitalization, surpassing Ripple-affiliated XRP and various other cryptocurrencies. The meme coin even surpassed car manufacturing giant BMW by market value in a stunning feat.
According to the latest market data provided by CoinGecko, Dogecoin is currently trading at $0.17.

Dogecoin Surpasses Cardano by Market Cap Yet Again

U_Today

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