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Cryptocurrencies Compete in Market Value: Now DOT or DOGE? 

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Cryptocurrencies Compete in Market Value: Now DOT or DOGE?  thumbnail
  • Polkadot and Dogecoin are competing to rank well in the global crypto market value.
  • Polkadot overtook Dogecoin to reach 1the 0th on the list.
  • But as time passed, Dogecoin pushed Polkadot to reach the 10th position.

With slight variations in market cap, some cryptocurrencies are looking to overtake high-ranked coins. In detail, Polkadot (DOT) and Dogecoin (DOGE) are on the competition track, where DOGE stands at 10th and DOT at 11th positions in the global crypto market cap.

According to CoinMarketCap, Dogecoin has a market cap of $11,206,805,018 and Polkadot has a market cap of $10,122,396,939. Approximately 24 hours ago, Polkadot overtook Dogecoin to rank 10th on the list of coins by market capitalization. However, as time passed, DOGE pushed DOT to reach the 10th rank, bringing DOT back to its 11th position.

At the time of writing, DOGE trades at $0.0846, with a 4.35% upswing and a 1.47% downswing in the past 24 hours and the past seven days, respectively. Meanwhile, DOT has a price of $10.36. It is up by 10.35% in the past 24 hours and 1.92% in the past week.

DOTUSDT- 1-day Chart (Source: Trading View)
DOTUSDT- 1-day Chart (Source: Trading View)

For almost all the cryptocurrencies, there was a price surge since May 13 after the huge plunge. Following this surge, Polkadot passed through frequent ups and downs.

However, the one-day trading chart shows that DOT is following an uptrend, which might cross its $14 support level. If this happens, DOT is expected to reach around $23, similar to its price on April 2, 2022. This uptrend might be contrary to its downward trend from April 4 to May 27, 2022.

Meanwhile, DOGE is also following the trendline for the past three days. It had a sudden soar on May 27. If DOGE follows the current upswing in the coming days, it is predicted to move beyond its support level of $0.12. Moreso, crossing this support level might allow the token to at least tap at $0.17, which happened in April 2022. 

More significantly, the global crypto market is still seesawing with slight ups and downs since its great plunge. Bitcoin alone stands at $30,000, but its price value has not varied for many days. The crypto market cap is $1.26 trillion with a 4.96% increase over the last day.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Article Categories:
Altcoin News · Bitcoin · DOGE · DogeCoin · DOT · Latest Post · News · Polkadot

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