No More Joke: Dogecoin Jumps Into Top 5 Cryptocurrencies By Market Cap

The Dogecoin price continues to grow rapidly, and its capitalization has already exceeded $ 50 billion.

At the time of publication, cryptocurrency based onmeme, is trading at $ 0.41 with a daily gain of 20% and occupies the fifth position in the capitalization rating. During the overnight jump in the price of DOGE above $ 0.45, the coin even moved up to 4th place for a short time, displacing XRP.

Some traders expect April 20 to happenanother jump in the rate, since this date marks the unofficial holiday of marijuana smokers, the so-called Dogeday. Opinion leaders also drive growthincluding Elon Musk.

Dogecoin has climbed 340% over the past week.The ongoing rally intensifies the debate over the future prospects of the project. Some analysts predict that the rate will rise to $ 1 by the end of the year, while others point to the impending collapse due to the concentration of the bulk of the coins in the hands of a small group of whales, which will take profits when the market reaches a certain value.

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