Dogecoin Surpasses Zcash in Total Market Cap, Enters CoinMarketCap’s Top-20

News and Analysis
08.09.2018

Dogecoin (DOGE), has surpassed the market capitalization of Zcash (ZEC), one of the top privacy coins. Over the past 24 hours, DOGE has surged more than 13%, adding close to $80 million to its market cap.

Trading at around 0.00000087 BTC ($0.005719), Dogecoin is now valued at $663.7 million, almost $38 million more than the market cap of Zcash, which stands at $627.5 million.

DOGE’s price surge was boosted by the recent demo of Dogethereum, an experimental effort to bring Dogecoin to the Ethereum blockchain, enabling the use of Dogecoin with Ethereum smart contracts through a new DOGE-backed Ethereum token.

The news was confirmed via Dogecoin’s Twitter with the experiment’s results available on YouTube:

DOGE is now ranked 20th on CoinMarketCap and is roughly $90 million away from Tezos in the 19th spot.

Bitcoin is currently changing hands around $6,500 gaining 0.75 percent over the last 24 hours.

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