Dogecoin is outperforming other cryptos

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With a sharp sell-off that gripped cryptocurrency markets since
the beginning of the year, a coin deemed as the biggest joke
by many in the community has became the outlier to crypto-land
this time.

Dogecoin, an alt-coin inspired by a Doge meme, has jumped more
than 160 percent over the last 30 days, according to data on
CoinMarketCap, a website tracking crypto trading performance. In
fact, Dogecoin is the only crypto that’s posted big gains in the
last month, with all of the other coins including bitcoin and
ethereum suffering from double digit losses. 

Dogecoin now has a market capitalization of $729 million, which
let it surpass Zcash and become a top-20 cryptocurrency by market
cap.

The outlandish surge of Dogecoin comes soon after it was added to
the popular trading app, Robinhood, in mid-July. 

The token’s rise may also be attributed to a recently released
demo demonstrating a successful bridge that links Ethereum
and Dogecoin network. 

The name of the Dogecoin coin is an homage to the popular
internet meme known as Doge, which became popular in 2013 and
features the face of a dog with comic sans texts in the
background.