Proof-of-work Blockchain platform after the recent price movements PolkadotDOT, which is among the most popular crypto coins of 2021, is the crypto currency of DEC Dogecoinit outperformed the (DOGE) in the market volume ranking.
Polkadot and Dogecoin
According to information from CoinMarketCap, Polkadot is currently 8th with a market capitalization of $ 35.9 billion. dogecoin is the 9th largest crypto currency with a market capitalization of $31 billion. it is located in the position of the largest crypto currency.
In addition, Polkadot, like Dogecoin, has often mentioned its name with its performance in October 2021. However, the DOGE Elon Musk and Mark Cuban taking the support of such names behind it, it recorded much larger increases and outperformed DOT.
Many analysts were saying that Dogecoin would eventually decline and lose its place in the ranking. Indeed, it seems that analysts’ forecasts are holding up. THE DOGE recently, it has been losing blood, and other crypto coins are crossing the DOGE.
Musk also Failed to Save the DOGE
Tesla CEO Elon Musk has shared a photo of his Shiba Inu cindi dog on Twitter and with this sharing Floki Inu The (FLOCK) price had experienced a big increase. However, Musk’s sharing does not seem to have worked for Dogecoin this time.
The price of Dogecoin he did not experience any increase after this exchange, which is interpreted as a decrease in the influence of Elon Musk on Dogecoin.