Dogecoin, initially created as a humorous internet meme currency a decade ago, experienced a noteworthy surge on Wednesday morning by reaching $0.10.
According to Coinmarketcap data, the price of Dogecoin is currently valued at $0.103285, and in just 24 hours, it represented a 17% increase in value, surpassing the performance of its competitor, Shiba Inu, and even outperforming major cryptocurrencies like Bitcoin and Ethereum.
The surge comes as they are celebrating their 10th anniversary, originally launched on December 6 by Billy Markus and Jackson Palmer.
Dogecoin is solidifying its position as one of the most widely recognized cryptocurrencies, and currently, it holds the ninth spot in terms of market capitalization.
Data from LunarCrush reveals a significant uptick in Dogecoin’s presence on social media, with a 72.94% surge in social dominance and a 23% increase in social interactions over the past 24 hours.
In contrast, SHIB saw an 11% increase, while BTC and ETH experienced 5% and 2% rises, respectively, within the same 24-hour period.
Also Read: Dogecoin Wins Coveted Spot on Tesla Cybertruck Page
