Dogecoin (DOGE) Enters The Top 10 Cryptos Based On Market Capitalization

JAKARTA – After dropping from the top 10 cryptocurrencies a few months ago, now Dogecoin (DOGE) is back to its previous position when the market was experiencing a decline. DOGE, which had experienced an increase when Elon Musk announced that it accepted merchandise payments with dog coins.

With the decline in the crypto market in the last few days, DOGE has even crept up. At the time of writing, the data report from Coingecko stated that the DOGE price was trading at the level of IDR 1.970. In the last 24 hours DOGE started to rise by 0.6 percent.

Reporting from U.Today, Dogecoin managed to shift Polkadot (DOT) to position 11 after DOT failed to recover. Previously, the meme coin slumped from the top 10 in early December 2021 after being kicked out by Terra (LUNA). However, until now LUNA has not been disturbed and is firmly in the 9th position of the largest crypto.

Currently, LUNA is trading at a price of IDR 930.248. Prices have fallen 1.7 percent in 24 hours, and 25.3 percent in the past week. LUNA's market capitalization reached IDR 374.5 trillion, while DOGE's market capital was still below it at IDR 260.7 trillion.

Exactly 9 months ago, namely on May 8, 2021, DOGE incised the highest price of all time (ATH) at the level of IDR 10.338. DOGE is down 80.9 percent of its ATH.