{"id":497939,"date":"2022-08-08T06:26:24","date_gmt":"2022-08-08T06:26:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=497939"},"modified":"2022-08-08T04:43:52","modified_gmt":"2022-08-08T04:43:52","slug":"dogecoin-unseated-from-no-10-spot","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-unseated-from-no-10-spot\/","title":{"rendered":"Dogecoin Unseated From No. 10 Spot In Rankings \u2013 Can DOGE Stay Relevant?"},"content":{"rendered":"

Dogecoin (DOGE) has been recently pushed aside by Polkadot (DOT) from the top cryptocurrencies list as it is now the 11<\/span>th<\/span> biggest crypto in terms of market cap. DOGE\u2019s market value is currently at $9.28 billion after it sadly had to let go of its position which is now held by Polkadot with a market value of $9.62 billion.<\/span><\/p>\n

According to CoinMarketCap, the DOGE price is 1.09% down or at 0.06899 as of this writing.<\/span><\/p>\n

DOGE price remained the same despite the positive sentiment in the crypto space spiked by the support of Elon Musk, among other things. Michi Lumin, Developer of Dogecoin, has recently announced the release of a C library of DOGE building blocks coined as Libdogecoin. This library allows Dogecoin to integrate into different platforms.<\/span><\/p>\n

Related Reading: TRON (TRX) TVL Accelerates To Nearly $2 Billion Last Month<\/a><\/div>\n

Elon Musk Says DOGE Has Real Value<\/b><\/h2>\n

In one of his appearances on the podcast \u201cFull Send\u201d, Elon Musk, billionaire entrepreneur and CEO of Tesla, once again pressed on with his unrelenting support for DOGE. \u00a0 “I’m mainly supporting Doge, frankly,” Musk said.<\/span><\/p>\n

Musk reiterated that Dogecoin isn\u2019t just a dog meme coin; it is not a joke because it has real utility value. He also said that in comparison to Bitcoin, DOGE has a much bigger transaction volume. Since early August, the price of DOGE hasn\u2019t moved significantly because it\u2019s been hindered by $0.075. The crypto market seems to be in a coma as it is being bombed by a lot of macroeconomic problems.<\/span><\/p>\n

But, as other meme projects have no utility value and the token prices are mostly impacted by social media or a popularity vote from influencers and other celebrities, investors aren\u2019t so sure if they should invest long-term in these dog meme coins.<\/span><\/p>\n

Dogecoin Lags Behind<\/b><\/h2>\n

DOGE is lagging behind in terms of growth. At the beginning of July, the DOGE price is at $0.066. SHIB grew by 17% but DOGE price only registered a growth of 1.4%. DOGE token market cap only increased a bit from $8.77 billion to just $9.06 billion.<\/span><\/p>\n

On July 31, DOGE had 73,800 active addresses that grew by as much as 13% or around 105,000 addresses at one point on July 28. DOGE was able to close July with a plunge in transaction volume by 96% or 1.53 DOGE.<\/span><\/p>\n

The social dominance of DOGE increased by 8.49% after the price racked up to $0.75. DOGE price plunged by 61% as social dominance nosedived by 3.3%. DOGE\u2019s social volume further declined by as much as 63%. Developmental transactions within the Dogecoin network grew by 80% despite the lack of ecosystem updates.<\/span><\/p>\n

Related Reading: Shiba Inu Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline?<\/a><\/div>\n
<\/div>\n
<\/div>\n
DOGE total market cap at $9.24 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Zipmex, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) has been recently pushed aside by Polkadot (DOT) from the top cryptocurrencies list as it is now the 11th biggest crypto in terms of market cap. DOGE\u2019s market value is currently at $9.28 billion after it sadly had to let go of its position which is now held by Polkadot with a market value of $9.62 billion. According to CoinMarketCap, the DOGE price is 1.09% down or at 0.06899 as of this writing. DOGE price remained the same despite the positive sentiment in the crypto space spiked by the support of Elon Musk, among other things. Michi Lumin, Developer of Dogecoin, has recently announced the release of a C library of DOGE building blocks coined as Libdogecoin. This library allows Dogecoin to integrate into different platforms. Related Reading: TRON (TRX) TVL Accelerates To Nearly $2 Billion Last Month Elon Musk Says DOGE Has Real Value In one of his appearances on the podcast \u201cFull Send\u201d, Elon Musk, billionaire entrepreneur and CEO of Tesla, once again pressed on with his unrelenting support for DOGE. \u00a0 “I’m mainly supporting Doge, frankly,” Musk said. Musk reiterated that Dogecoin isn\u2019t just a dog meme coin; it is not a joke because it has real utility value. He also said that in comparison to Bitcoin, DOGE has a much bigger transaction volume. Since early August, the price of DOGE hasn\u2019t moved significantly because it\u2019s been hindered by $0.075. The crypto market seems to be in a coma as it is being bombed by a lot of macroeconomic problems. But, as other meme projects have no utility value and the token prices are mostly impacted by social media or a popularity vote from influencers and other celebrities, investors aren\u2019t so sure if they should invest long-term in these dog meme coins. Dogecoin Lags Behind DOGE is lagging behind in terms of growth. At the beginning of July, the DOGE price is at $0.066. SHIB grew by 17% but DOGE price only registered a growth of 1.4%. DOGE token market cap only increased a bit from $8.77 billion to just $9.06 billion. On July 31, DOGE had 73,800 active addresses that grew by as much as 13% or around 105,000 addresses at one point on July 28. DOGE was able to close July with a plunge in transaction volume by 96% or 1.53 DOGE. The social dominance of DOGE increased by 8.49% after the price racked up to $0.75. DOGE price plunged by 61% as social dominance nosedived by 3.3%. DOGE\u2019s social volume further declined by as much as 63%. Developmental transactions within the Dogecoin network grew by 80% despite the lack of ecosystem updates. Related Reading: Shiba Inu Displays Surprising Price Movement \u2013 Can SHIB Ditch The Flatline? DOGE total market cap at $9.24 billion on the daily chart | Source: TradingView.com Featured image from Zipmex, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1144,1785,7,1804,65296,8686],"class_list":["post-497939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-btcusd","tag-doge","tag-dogecoin","tag-dogecoin-price","tag-ethbtc","tag-ethusd"],"acf":[],"yoast_head":"\nDogecoin Unseated From No. 10 Spot In Rankings \u2013 Can DOGE Stay Relevant?<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has been recently pushed aside by Polkadot (DOT) from the top cryptocurrencies list as it is now the 11th biggest crypto in terms of\" \/>\n<meta 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Unseated From No. 10 Spot In Rankings \u2013 Can DOGE Stay Relevant?","url":"http:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-unseated-from-no-10-spot\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-unseated-from-no-10-spot\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/Dogecoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/Dogecoin.png?fit=1033%2C618"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","doge","dogecoin","dogecoin price","ethbtc","ethusd"],"dateCreated":"2022-08-08T06:26:24Z","datePublished":"2022-08-08T06:26:24Z","dateModified":"2022-08-08T06:26:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Unseated From No. 10 Spot In Rankings \\u2013 Can DOGE Stay Relevant?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/dogecoin-unseated-from-no-10-spot\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/dogecoin-unseated-from-no-10-spot\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Dogecoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Dogecoin.png?fit=1033%2C618\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"doge\",\"dogecoin\",\"dogecoin price\",\"ethbtc\",\"ethusd\"],\"dateCreated\":\"2022-08-08T06:26:24Z\",\"datePublished\":\"2022-08-08T06:26:24Z\",\"dateModified\":\"2022-08-08T06:26:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/Dogecoin.png?fit=1033%2C618","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=497939"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/497939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/497940"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=497939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=497939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=497939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}