Dogecoin Returns to Top 10 Amid Moderate Market Recovery


Alex Dovbnya

Did you miss it? The original dog coin once again graced the top ten cryptocurrencies by market cap

Meme cryptocurrency Dogecoin (DOGE) has returned to the list of top ten cryptocurrencies for the first time in nearly two months.

The original dog coin is currently valued at $18 billion.

Image by coinmarketcap.com

On January 22, Dogecoin took a beating along with the rest of the cryptocurrency market. It fell to $0.12, the level lost since mid-April 2021, before recovering more than 20% from its multi-month low.

Polkadot (DOT) has now dropped to 11th place after failing to make a convincing recovery.

As reported by U.Today, Dogecoin left the top 10 in early December 2021. It was kicked out by Terra (LUNA). The latter remains in ninth place and is trading at $67 at the time of writing.

Last January, Dogecoin returned to the top ten for the first time since January amid a massive rally sparked by Tesla CEO Elon Musk. On May 8, the price peaked at $0.73.

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