Dogecoin becomes second largest PoW cryptocurrency

Meme-inspired cryptocurrency (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the network’s proof-of-stake upgrade on Sept. 15.

(BTC) of course remains miles ahead of Dogecoin’s market cap of $7.83 billion, though the well-followed memecoin is still comfortably ahead of the third place PoW cryptocurrency (ETC) (with a market cap of $4.69 billion), (LTC) ($4.01 billion) and Monero (XMR) ($2.65 billion).

Ranking of PoW-Based Cryptocurrencies by Market Cap. Source: Coinmarketcap.com.

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