DOGE Flips DOT as Top 10 Coin in Terms of Market Cap
2022.06.01 19:10
DOGE Flips DOT as Top 10 Coin in Terms of Market Cap
- Dogecoin (DOGE) is now on the top 10 of CoinMarketCap’s list in terms of market cap.
- DOGE is currently worth $0.0858 after a 0.11% drop in price.
- Now, the market has high expectations from the coin.
Dogecoin (DOGE) has surpassed Polkadot (DOT) and claimed its position on the top 10 largest market caps, according to CoinMarketCap. DOGE currently occupies the 10th position, right behind Solana (SOL) in the 9th position.
DOGE is worth $0.0858 during the time of writing this article, after a 0.11% drop in price over the last 24-hours and after reaching a high of $0.0868 over the same time period. This price translates to around 0.000002718 BTC and 0.00004434 ETH.
Over the last week, DOGE saw a 3.21% increase in price and a 24-hour trading volume of $642,638,539, which has gone down 6.93% from yesterday. With regards to market cap, DOGE saw a 0.11% drop, leaving its market cap to stand at $11,383,690,565.
In comparison, DOT’s market cap currently stands at $10,211,534,678. Polkadot is now worth $10.37 after a 0.74% increase in price over the last 24-hours.
DOGE tests 20 EMA (Source:TradingView)
The daily chart for DOGE/USDT shows how the 20 EMA is acting as a resistance level for the price of DOGE. The RSI has also risen above the RSI SMA line which is a bullish flag. However, the price of DOGE is at a decisive point with no clear indication of what direction the price will move in next.
One confirmation will be the price of DOGE breaking above the 20 EMA line. If this were to occur over the next few days then we could see the price of DOGE reach around $0.08939.
In other news, the Market is expecting a bull during the next couple of weeks, as the Dollar goes down and Bitcoin breaks the major downtrend line and goes up to around $31.5K. Along with many other indicators, market enthusiasts and analysts are expecting a raise to reach around $38K.
Continue reading on CoinQuora
