DogeCoin Reached the Top 10 in Encryption

After spending about a week among the top 10 cryptocurrencies by market value, Doggie Coin regained its 10th place in the market. This is not the result of the rise in the price of dog coin, but the result of the fall in Polkadot (DOT) price in the past week.In the past seven days, when the price of DOGE fell by 6.24%, Polkadot's fate was even worse, losing more than 12% of its value in the same period. DOT inevitably lost its foothold of more than $7, and its market value fell to $7.64 billion.At the time of writing, the market value of Doggie Coin was $7.9 billion, less than $300 million higher than that of DOT. This means that the meme token is not completely out of danger. If the price of DOGE cannot resist the market, DOT may exceed the 10th place.Re entering the top 10 in encryption has little meaning for digital assets. The price of DOGE is still at a dangerous level below USD 0.06, and there is no sign of positive recovery in the short term. The bear market has not brought any benefit to cryptocurrency, because it has only recorded 0.7% growth in the past 24 hours.As profitability has declined in the past few weeks, investors have also felt the impact of this decline. At present, there are more dog coin investors recording losses than those making profits.At present, 50% of all wallets holding DOGE are in red, while 48% are in green. The remaining (2%) is currently in the neutral zone. The price of DOGE also fell by more than 91% compared with its record high price of 0.70 US dollars, and its performance was poor compared with its fiercest competitor, Chaigou.However, whales are still very active in meme coins. In the past seven days, the total volume of block transactions valued at more than 100000 dollars was close to 1 billion dollars. Meme tokens also have more than 4.4 million holders, indicating that community members have strong holding emotions.