encryptioncurrencyThe rally started again, inspiringdogecoinOn the 28th, the price rose 18% to US$0.22, setting a new high since November 2021, and its market cap has overtaken Deutsche Bank.

This meme coin with the symbol of Shiba Inu fell 3% intraday on the 29th, but it is still up 40% in the past week, jumping 145% this year, and up 191% in the past year. Aside from Tesla CEO Musk’s hint that customers will one day be able to buy cars with Dogecoin, there hasn’t been any positive news directly from Dogecoin recently.

ByBitcoinThe cryptocurrency has been on the rise recently, supported by topics like the ETF listing and the impending Bitcoin halving, and the price of Dogecoin has also increased. As of the afternoon of the 28th, its market value has exceeded US$31 billion, surpassing Deutsche Bank, the world’s eighth largest bank.

This is impressive for Dogecoin, which was created to mock other cryptocurrencies, growing to such a large market cap. However, it is still far behind Dogecoin’s peak market cap of US$75.2 billion in 2021. After that Dogecoin fell 62%. Despite the deep decline, Dogecoin remains the world’s eighth-largest cryptocurrency, and its recent gains are indicative of traders’ general appetite for risk.

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