Dogecoin has staged an impressive comeback to enter the top 10 highest-ranked coins after overtaking Polkadot in the last 24 hours to secure the 10th position. The meme coin has been behind Polkadot for some weeks now till it embarked on a near 10 percent surge in the late hours of yesterday.
The digital asset is trading at $0.08, with a percentage surge of 5 percent in the last 24 hours as of press time. Regardless of its remarkable run, Dogecoin is still 88.9 percent down from its all-time high of $0.73 recorded on May 8, 2021. It currently has a market capitalization of $10.8 billion and a market dominance of 0.91 percent.
The rally has been linked to the recent tweet by the Tesla founder Elon Musk, who disclosed that Dogecoin holders would soon be able to buy merchandise from the online store of SpaceX.
This indicates that the world’s richest man has not given up on the project, but will continuously support the asset as previously pledged.
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