Dogecoin Pushed Out Of Top 10 Largest Market Cap Cryptocurrencies
Dogecoin has been pushed out of the top 10 cryptocurrencies by market capitalization by Polkadot (DOT). Dogecoin currently ranks as the 11th largest cryptocurrency with a market value of $9.25 billion after ceding its former 10th place to Polkadot, which now has a market value of $9.72 billion.
Despite a rush of positive news this week, including a new release, exchange listing, and fresh support from Tesla CEO Elon Musk, the price of Dogecoin has remained roughly steady.
According to CoinCu, Dogecoin core developer Michi Lumin has announced the initial release of Libdogecoin, a C library comprising DOGE building pieces. Libdogecoin is a C library that enables lightweight direct integration of DOGE into numerous platforms without requiring developers to have an in-depth understanding of blockchain technology.
Tesla CEO Elon Musk has expressed his support for DOGE on the Full Send Podcasts. Responding to a question on cryptocurrencies, Musk replied, “I’m mainly supporting DOGE, frankly,” adding that it featured “memes and dogs.” Despite being designed as a “ridiculous joke currency,” Musk claims that DOGE has “real utility.” He claimed that DOGE has a higher transaction capacity than Bitcoin.
The price of DOGE was $0.07 at the time of publication, slightly up over the previous day. Since the beginning of August, its price has been stuck in a range due to a barrier of $0.075.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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Harold
CoinCu News
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Dogecoin Pushed Out Of Top 10 Largest Market Cap Cryptocurrencies
Dogecoin has been pushed out of the top 10 cryptocurrencies by market capitalization by Polkadot (DOT). Dogecoin currently ranks as the 11th largest cryptocurrency with a market value of $9.25 billion after ceding its former 10th place to Polkadot, which now has a market value of $9.72 billion.
Despite a rush of positive news this week, including a new release, exchange listing, and fresh support from Tesla CEO Elon Musk, the price of Dogecoin has remained roughly steady.
According to CoinCu, Dogecoin core developer Michi Lumin has announced the initial release of Libdogecoin, a C library comprising DOGE building pieces. Libdogecoin is a C library that enables lightweight direct integration of DOGE into numerous platforms without requiring developers to have an in-depth understanding of blockchain technology.
Tesla CEO Elon Musk has expressed his support for DOGE on the Full Send Podcasts. Responding to a question on cryptocurrencies, Musk replied, “I’m mainly supporting DOGE, frankly,” adding that it featured “memes and dogs.” Despite being designed as a “ridiculous joke currency,” Musk claims that DOGE has “real utility.” He claimed that DOGE has a higher transaction capacity than Bitcoin.
The price of DOGE was $0.07 at the time of publication, slightly up over the previous day. Since the beginning of August, its price has been stuck in a range due to a barrier of $0.075.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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