Amid a sluggish market recovery, Dogecoin re-enters the top 10

Did you happen to miss it? The original memecoin has re-entered the top 10 cryptocurrencies by market cap.


Dogecoin (DOGE), the meme cryptocurrency, has returned to the top 10 cryptocurrencies list for the first time in nearly two months.
Top 10 crypto in 2022 | Image: CoinMarketCap

Dogecoin (DOGE), the meme cryptocurrency, has returned to the top 10 cryptocurrencies list for the first time in nearly two months.


The original canine coin is now worth $18 billion.


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

Polkadot (DOT) has dropped to 11th place after failing to stage a convincing comeback.


According to reports, Dogecoin dropped out of the top 10 in early December 2021. Terra (LUNA) was the one who kicked it out. The latter is still in 9th place, with a price of $67 at the time of writing.


During a massive rally fueled by Tesla CEO Elon Musk, Dogecoin returned to the top 10 for the first time since January. On May 8, it reached a high of $0.73.