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HomeCrypto NewsMarketDogecoin Flips Cardano To Become 7th Largest Crypto

Dogecoin Flips Cardano To Become 7th Largest Crypto


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Dogecoin flips Cardano, and everyone knows why.

According to recent stats from data aggregator Coimarketcap, Doge was able to beat Cardano to become 7th largest crypto in terms of market cap.

Currently, Doge has a market cap of $13.7 billion compared to $13.6B of Cardano.

Dogecoin Beats Cardano
Image source Coinmarkepcap

The one and only reason for this flipping is the last night’s announcement by Elon Musk replacing Twitter’s old Bird logo with doge.

This move helped Doge to gain more than 30% in less than 24 hours while also beating Cardano to become the 7th top crypto in the world.

The unexpected move came after Elon Musk requested the judge to end the $258B lawsuit that accused Elon of promoting a security through a pyramid scheme.

Always supporting Elon Musk, the dogecoin creator said that DOGE shares the same codebase with Bitcoin; consequently, Markus added, “If dogecoin is a security, bitcoin is a security.”

After Elon Musk’s Twitter changed its homepage icon to the Dogecoin logo, Dogecoin’s 24-hour trading volume soared to $3.54 billion, its highest point in the last three months.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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