{"id":35551,"date":"2021-01-28T22:18:37","date_gmt":"2021-01-28T20:18:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35551"},"modified":"2025-08-29T01:50:22","modified_gmt":"2025-08-28T22:50:22","slug":"dogecoin-climbs-200-in-a-day-overtaking-eos-in-market-capitalisation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dogecoin-climbs-200-in-a-day-overtaking-eos-in-market-capitalisation\/","title":{"rendered":"Dogecoin climbs 200% in a day, overtaking EOS in market capitalisation"},"content":{"rendered":"<p>Dogecoin&#8217;s market capitalisation rose by more than 200% in the last 24 hours.<!--more--><\/p>\n<p>The coin, trading under the ticker DOGE, hit an all-time high at $0.028. At the time of writing, the asset was trading at $0.0219.<\/p>\n<div id=\"attachment_123361\" style=\"width: 1440px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123361\" class=\"size-full wp-image-123361\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Doge-1.png\" alt=\"Dogecoin \u0432\u044b\u0440\u043e\u0441\u043b\u0430 \u0437\u0430 \u0441\u0443\u0442\u043a\u0438 \u043d\u0430 200%, \u043e\u0431\u043e\u0439\u0434\u044f \u043f\u043e \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0438 EOS\" width=\"1430\" height=\"848\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Doge-1.png 1430w, https:\/\/forklog.com\/wp-content\/uploads\/Doge-1-300x178.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Doge-1-1024x607.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Doge-1-768x455.png 768w\" sizes=\"auto, (max-width: 1430px) 100vw, 1430px\" \/><\/p>\n<p id=\"caption-attachment-123361\" class=\"wp-caption-text\">Four-hour DOGE\/USDT chart on Binance from TradingView.<\/p>\n<\/div>\n<p>On the backdrop of the rapid price rise, Dogecoin&#8217;s market capitalization reached $2.74 billion. The asset took 17th place in CoinGecko&#8217;s ranking, overtaking EOS, Monero, Tezos and TRON.<\/p>\n<div id=\"attachment_123362\" style=\"width: 1278px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123362\" class=\"size-full wp-image-123362\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-368.png\" alt=\"Dogecoin \u0432\u044b\u0440\u043e\u0441\u043b\u0430 \u0437\u0430 \u0441\u0443\u0442\u043a\u0438 \u043d\u0430 200%, \u043e\u0431\u043e\u0439\u0434\u044f \u043f\u043e \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0438 EOS\" width=\"1268\" height=\"424\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-368.png 1268w, https:\/\/forklog.com\/wp-content\/uploads\/2-368-300x100.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-368-1024x342.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-368-768x257.png 768w\" sizes=\"auto, (max-width: 1268px) 100vw, 1268px\" \/><\/p>\n<p id=\"caption-attachment-123362\" class=\"wp-caption-text\">Data: CoinGecko.<\/p>\n<\/div>\n<p>The rally was preceded by calls to buy Dogecoin on the social network Reddit. On the preceding day, the retail-trader community in the Reddit group r\/WallStreetBets on Reddit <a href=\"https:\/\/forklog.com\/en\/news\/skybridge-capital-chief-calls-gamestop-stock-pump-a-positive-sign-for-bitcoin\">triggered a GameStop stock pump<\/a>.<\/p>\n<p>The other likely driver of the asset\u2019s rise was the integration of the coin with the Flare platform.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Flare will be integrating Doge prior to network launch. This will allow dogecoin to be used on Flare trustlessly with scalable EVM based smart contracts. <a href=\"https:\/\/twitter.com\/hashtag\/UnlockingValue?src=hash&#038;ref_src=twsrc%5Etfw\">#UnlockingValue<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/dogecoin?src=hash&#038;ref_src=twsrc%5Etfw\">#dogecoin<\/a> <a href=\"https:\/\/t.co\/qoDmmzP6Tg\">https:\/\/t.co\/qoDmmzP6Tg<\/a><\/p>\n<p>\u2014 Flare (@FlareNetworks) <a href=\"https:\/\/twitter.com\/FlareNetworks\/status\/1354728441883582471?ref_src=twsrc%5Etfw\">January 28, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Flare Networks is developing a full Turing-complete protocol that uses the Federated Byzantine Agreement consensus mechanism, used, for example, by the Stellar project. This protocol enables the Ethereum Virtual Machine to be integrated into private and public networks, adding smart-contract functionality.<\/p>\n<p>In July last year, Elon Musk tweeted about the prospect of using Dogecoin technology as a global financial system. Shortly after, the coin rose 17%.<\/p>\n<p>Subscribe to ForkLog&#8217;s <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a> channel!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin&#8217;s market capitalization rose by more than 200% in the last 24 hours.<\/p>\n","protected":false},"author":1,"featured_media":35552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,2061,1400],"class_list":["post-35551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-flare-network","tag-reddit"],"aioseo_notices":[],"amp_enabled":true,"views":"44","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35551"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35551\/revisions"}],"predecessor-version":[{"id":35553,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35551\/revisions\/35553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35552"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}