• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
Dogecoin

Dogecoin Down 6%, Slips Below Polygon On Market Cap List

Hououin Kyouma by Hououin Kyouma
2 months ago
in Dogecoin
Reading Time: 3 mins read
Advertisement
Advertisement

Dogecoin has declined by more than 6% in the past 24 hours, something that has resulted in it dropping below Polygon (MATIC) on the market cap list.

Dogecoin Plunges 6% In The Last 24 Hours

Just like the wider cryptocurrency market, DOGE had started the year 2023 well, with the meme coin’s price enjoying an uptrend. In the past week, however, the asset seems to have completely reversed the trend as it has been observing a hard downward trajectory instead.

At the time of writing, Dogecoin is trading around $0.0821, down 6% in the last 24 hours.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Dogecoin Price Chart

Looks like the value of the crypto has gone down in recent days | Source: DOGEUSD on TradingView

As you can see in the above graph, Dogecoin had been seeing a gradual decline for most of the past week, but in the last day or so, the drawdown has been even more severe.

Related Reading: Small Cap Altcoins Outperform Bitcoin As GRT Registers 117% Gains

Overall, in the last seven days, DOGE has dropped in value by around 10%. As a result of this plunge, the monthly gains of the asset now stand at only 5%, suggesting that the decline has erased a significant amount of the profits that the cryptocurrency had earlier accumulated.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

In terms of the year-to-date returns, though, Dogecoin is still in decent profits of about 17%. However, these gains pale in comparison to some of the other assets in the sector, like Bitcoin, which is up by more than 32% in the same period, or Shiba Inu, which has beaten DOGE even worse with its 53% profits.

Just yesterday, Dogecoin was the most traded token among the 100 largest BNB Smart Chain (BSC) whales, according to data from the crypto whale tracker service WhaleStatsBSC:

📰 JUST IN: $DOGE @dogecoin flipped $ADA for MOST TRADED token among top 100 #BSC whales

Check the top 100 whales here: https://t.co/0SYnjw0xQs

(and hodl $BBW to see data for the top 4000!)#DOGE #ADA #whalestats #babywhale #BBW pic.twitter.com/scQGaJV8pu

— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 8, 2023

However, given that the price of the meme coin has rather seen a decline since then, this elevated activity from the BSC whales was likely not for buying, but for selling instead.

Polygon Has Flipped DOGE On Market Cap List

With the latest decline, Dogecoin has dropped a spot in the top crypto by market cap list, as Polygon‘s better strength has meant that it has overtaken the meme coin. DOGE is now dead last in the top 10.

Related Reading: Bears Beware: Bitcoin To Enter “Bucking Bull” Phase

Before being flipped by MATIC, the coin had been untouched at the 9th place for an extended period of time, even going up to 8th a few times, before Cardano (ADA) eventually took a significant lead.

Here is a table that shows where Dogecoin stands in the wider sector right now:

Dogecoin Vs Polygon Market Cap

DOGE seems to have a market cap of around $10.9 billion currently | Source: CoinMarketCap

While Dogecoin is now right on the edge of the top 10, it’s currently not at much risk of dropping to 11th, as the gap between the meme coin and Solana (SOL) is still quite large. DOGE is also still very close to MATIC, so if the coin retraces upward, it can easily regain the 9th spot.

From the table, it’s also visible that rival coin SHIB is still only at the 13th position, a decent distance away from DOGE.

Featured image from Kanchanara on Unsplash.com, chart from TradingView.com
Tags: dogeDogecoinDogecoin Market CapdogeusdMATICMATICUSDPolygonPolygon Market Cap
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Dogecoin

Dogecoin Whale Withdraws $5 Million In DOGE From Binance, Bullish Sign?

3 weeks ago
Dogecoin DOGE

Dogecoin Price Displays Bearish Chart Pattern, These Levels Are Key Now

4 weeks ago
Dogecoin

Dogecoin Moves Close To Support level, Will The Bulls Defend This Mark?

4 weeks ago
Dogecoin

Dogecoin At A Vital Price Level, Is There A Chance It May Rally?

1 month ago
Dogecoin

Dogecoin Down 3%, Here’s The Metric That Signaled This Decline In Advance

1 month ago
Dogecoin DOGE

Dogecoin Whales Buy 1.06 Billion DOGE, Price Ready For Breakout?

1 month ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    1 week ago
  • Crypto Investment for Long Term Growth in 2023

    1 week ago
  • 5 Cryptocurrency To Invest In 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • TMS Network (TMSN) Surges and Attracts Investors as Conflux...

    1 hour ago
  • TMS Network (TMSN) Storms Crypto Market while Chainlink...

    2 hours ago
  • TMS Network (TMSN) Outshines Competitors While Polygon...

    2 hours ago
  • Investors Turn to Metropoly as Immutable X and STEPN Rally...

    3 hours ago
  • Three Exciting Cryptos With Growth Potential: Axie Infinity...

    17 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.