Dogecoin (DOGE) Comes Closer to Surpassing XRP .
The price of Dogecoin , the leading meme cryptocurrency, recently spiked by more than 10%. The Bitcoin parody peaked at $0.1975 earlier this Sunday, and it is currently changing hands at $0.195.
Dogecoin is (by far) the best-performing cryptocurrency in the top 20, outstripping Shiba Inu , its top competitor. In fact, DOGE is the fifth best-performing cryptocurrency in the top 20. Only Ethena (ENA), Fantom , ORDI (ORDI) and eCash (XEC) are above in terms of 24-hour gains.
After the most recent price spike, the top meme coin is now closing in on XRP. The latter is only up a modest 0.9% over the past 24 hours. The two cryptocurrencies are currently valued at $32.8 billion and $28 billion, respectively.
More than $5 million worth of Dogecoin shorts have been liquidated over the past 24 hours,. They account for the vast majority of liquidated positions ($6.42 million).
The meme coin was one of the most traded cryptocurrencies, generating $2.3 billion in 24-hour trading volume.
As reported by U.Today, the Dogecoin price managed to score a monthly close above the pivotal $0.20 level, potentially turning it into support. This could set the stage for a potential surge to $0.30. In 2024, the meme coin has already managed to double its price. Meanwhile, the aggregate value of joke cryptocurrencies has nearly tripled.