Bitcoin and Dogecoin cryptocurrencies.Jakub Porzycki/Getty ImagesDogecoin surged 14% on Thursday, hitting its highest level since November 2021.The meme-token has surged in a broader cryptocurrency rally. Dogecoin now has a market valuation of $31 billion, which makes it bigger than Deutsche bank.The ongoing revival in cryptocurrencies has led to a surge in the price of dogecoin, the meme-token that sports a Shiba Inu dog as its mascot.Dogecoin surged 18% on Thursday to $0.22, hitting its highest level since November 2021.