The cryptocurrency created as a joke in 2013 rose to a new record high around $0.43 early Monday, extending the previous week’s 340% rally, according to data source Messari.

The meme cryptocurrency briefly replaced the payments-focused XRP as the fourth-largest cryptocurrency by market capitalization when prices hit the new high. At that time, its market capitalization stood at over $54 billion, according to data source Messari.

At press time, dogecoin was changing hands at $0.3920, with a market value around $50 billion. XRP’s market value stands at $53.4 billion, at the current price of $1.41. Bitcoin remains the top cryptocurrency, with a market capitalization of $1.05 trillion.

DOGE’s recent rally has raised price expectations for the rest of the year. According to the betting website us-bookies.com, oddsmakers now see a 17% probability of dogecoin rallying to $1 by the year-end, versus 2.9% at the start of the month, according to betting website us-bookies.com.

source_https://www.coindesk.com/dogecoin-eclipses-xrp-dogeday