At press time, dogecoin (DOGE, 57.26%) was changing hands at $0.13, up 68.0% in the past 24 hours, according to CoinDesk 20. On Messari, dogecoin’s market capitalization has also surpassed that of bitcoin cash (BCH, 7.26%) and chainlink (LINK, 5.74%), now being ranked as the 10th most valued cryptocurrency.
The staggering gains across the crypto market came in the leadup to Coinbase’s direct listing. “The Coinbase hype within crypto, in terms of valuation and its domino effect on other markets” means Wednesday’s direct listing might become “a key catalyst event,” Messari’s data also shows that there are 100 cryptocurrencies with at least $1 billion market capitalization, as the global crypto market now values at around $2.22 trillion.
Source: FXPro