Dogecoin (DOGE) entered the list of the top 10 crypto assets by market capitalization for the first time since 2015.
DOGE rose 900 percent in less than two days from $ 0.0078 to $ 0.078 and quadrupled its previous record level of $ 0.0185.
After that, DOGE, whose market value exceeded $ 9 billion, rose to 7th place, surpassing Chainlink and Cardano. DOGE is trading at $ 0.0514 as of the time of translation publication.
Reddit group WallStreetBets is thought to be following DOGE’s parabolic rise. The same group also triggered a short position squeeze in GameStop (GME) stocks, causing most platforms to stop buying GME.
On the other hand, crypto data collector TheTIE announced that almost 90 thousand tweets about Dogecoin were shared. DOGE was the first altcoin to surpass Bitcoin in terms of tweet volume.
DOGE, which experienced a correction after the huge rise, ranks 12th in terms of translation broadcast time.