{"id":1075,"date":"2021-10-26T09:39:42","date_gmt":"2021-10-26T08:39:42","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=1075"},"modified":"2021-10-26T09:39:45","modified_gmt":"2021-10-26T08:39:45","slug":"worlds-leading-cryptos-reach-record-valuations-dogecoin-lags-behind","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2021\/10\/26\/worlds-leading-cryptos-reach-record-valuations-dogecoin-lags-behind\/","title":{"rendered":"World\u2019s Leading Cryptos Close to Reaching New Record Valuations, Dogecoin Lags Behind"},"content":{"rendered":"\n

The last few weeks have seen impressive growth in the global crypto market after a rocky September and another crypto price drop, following a ban on cryptocurrency transactions<\/a> and mining from China\u2019s central bank, which declared all digital coins illegal in the country.<\/p>\n\n\n\n

Since the beginning of October, some of the world\u2019s leading digital coins not only bounced back but jumped close to reaching new record valuations. However, that\u2019s not the case with Dogecoin, which still lags in price and market cap growth.<\/p>\n\n\n\n

Data from Block Arabia<\/a> shows that the market cap of the meme-inspired digital coin hit $32.3 billion last week, or 65% below its all-time high in May.<\/p>\n\n\n\n

Far below record valuation despite impressive YTD growth<\/strong><\/h2>\n\n\n\n

The original meme coin came a long way since its beginnings in 2013 and climbed high on the list of the most popular crypto investments in 2021. What started as a joke between the two IBM engineers became the world\u2019s tenth-largest cryptocurrency, drawing a lot of attention in the crypto space, especially in the first half of the year.<\/p>\n\n\n\n

In the five months of 2021, Dogecoin\u2018s price soared by over 14,200% to $0.73, driving its market cap to an all-time high of $93.5 billion in May. However, after the crypto price crash<\/a>, this figure stumbled to $35.7 billion in just three weeks.<\/p>\n\n\n\n

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