Dogecoin Overtakes Cardano! DOGE Now 9th Largest Cryptocurrency
Dogecoin (DOGE), the original memecoin, has flipped Cardano (ADA) for the position of the 9th largest cryptocurrency! In recent times, Dogecoin's impressive performance has propelled it past the long-standing smart contract platform.
The meme-inspired cryptocurrency Dogecoin (DOGEUSDT) has seen its value surge over 14% over the last few days. DOGE surged by 3.1% in the daily charts and a remarkable 32.2% in the weekly charts, becoming one of the top 24-hour gainers amid a generally flat market.
Its current $13.65 billion market cap marginally edges above Cardano’s $13.58 billion valuation. Cardano, the cryptocurrency which had maintained the 8th spot for a long period, saw a recent demotion to the 9th place as Dogecoin took over its spot.
This marks a significant shift in the cryptocurrency landscape. What's driving Dogecoin's resurgence and what does it mean for Cardano? Stay tuned for more analysis and updates on the evolving crypto market!