DOGECOIN Flips Polkadot, Becomes 10th Biggest Crypto by Market Cap

• The market cap of DOGECOIN has surpassed that of Polkadot.
• Although traders traded DOT more in the last 24 hours compared to DOGE.
• Ethereum performed worst among the top ten in the last seven days, with a 17.4% fall in value.

In an interesting turn of events, data available on CoinMarketCap shows that Dogecoin (DOGE) has flipped Polkadot (DOT) to become the tenth biggest cryptocurrency in the world by market capitalization.

The current market capitalization of DOGE and DOT is respectively $8,166,471,216 and $7,933,309,101, with DOGE leading by over $230 million.

At the time of writing, DOGE trades at $0.06156 across cryptocurrency exchanges, with a 1.4% increase in 24 hours. DOT, however, trades at $7.01 with a 9.17% decrease in value in the last seven days. Although people traded DOT more in the last 24 hours compared to DOGE, with a respective volume of 219,592,759 and $211,606,682.

Additionally, after the Merge went live on September 15, Dogecoin became the second largest proof-of-work (PoW) crypto, much ahead of notable coins such as Litecoin (LTC), Ethereum Classic (ETC), and Monero (XMR).

The crypto market, in general, has been in a bleeding trend since last December 2021, with BTC losing over 70.83% since its last all-time high (ATH). Notably, Polkadot reached its (ATH) in November 2021 at $54.96. It has since lost 87.25% of its value, trading at $7.01. On the other hand, DOGE hit its ATH in May of 2021 at $0.73. It has fallen by over 91.6% since its ATH.

Only Ripple (XRP) saw a 10.66% increase among the ten major cryptocurrencies in the last 24 hours. Ethereum (ETH) performed worst among the top ten in the last seven days, with a 17.4% fall in value.