Dogecoin Surges Over 10 Cents on Its 10th Anniversary, Leading Meme Coin Rally

Dogecoin Surges Over 10 Cents on Its 10th Anniversary, Leading Meme Coin Rally

Crypto News – Celebrating its 10th anniversary, the dog-themed meme cryptocurrency, Doge, has experienced an impressive double-digit surge, pushing its price to a yearly high surpassing $0.10.

Currently trading at just over $0.103285, Dogecoin has witnessed a remarkable 16.8% increase in value in a single day. This surge coincides with the bullish trend in the broader cryptocurrency market, following Bitcoin‘s lead. It’s worth noting that this surge aligns with the 10th anniversary of Dogecoin’s original launch on December 6, 2013, by its creators, Billy Markus and Jackson Palmer.

The last time Doge reached the $0.10 mark was almost precisely a year ago, on December 7, 2022, according to data from CoinGecko.

However, Dogecoin still has a substantial distance to cover in order to reclaim its all-time high of over $0.73, which was achieved back in May 2021.

Dogecoin isn’t the only meme cryptocurrency making gains in the current crypto market. Others like Shiba Inu (SHIB), PEPE, and BONK have all experienced double-digit increases in the past 24 hours. According to CoinGecko, the entire meme coins category has surged by 11% in the past day, reaching a collective market cap of $23.7 billion.

This meme coin frenzy is taking place against the backdrop of a thriving cryptocurrency market as a whole. The total market capitalization of all cryptocurrencies has increased by 4.7% in the last 24 hours, reaching $1.67 trillion.

Leading the charge is Bitcoin, driven by optimism surrounding the potential approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission. The largest cryptocurrency by market capitalization is currently trading above $43,800, up 5.1% for the day, after recently surpassing the meme-worthy price of $42,069.