- The market cap of DOGE is more than $11 billion.
- Research and background study will help to keep a steady foot in the crypto market.
The meme coin has made up in the market capitalization pushing itself up in the list of largest cryptocurrencies in the market.. Dogecoin (DOGE) has a current market cap of $11 billion and Polkadot (DOT) has $10 billion, according to CMC at the time of writing.
The price of DOGE is $0.0845 and DOT is $10.26, though the memecoin values only 0.823% of DOT, the popularity and community support it has is vast. The talk among both crypto and non-crypto circles is that the digital assets don’t need any strong back working or developmental logic, just great timing and crowd capturing content is enough.
The statement above is supported by the proof that Elon Musk’s tweet on May 27th, about DOGE being accepted by Tesla and very soon Spacex also going to join it made the coin hit main pages again.
Musk tweeted:
“Tesla merch can be bought with Doge, soon SpaceX merch too”
One more hyped coin in recent times is the new Luna, the dramatic crash of the old Luna and the launch of the new Terra blockchain kept constantly reminding people about it. But the launch doesn’t seem to touch the mark created.
Staying Vigilant
Investment in crypto needs knowledge and great risk-taking capacity, but getting into something without doing proper research is not advisable at all. Also, getting full knowledge and predicting the future trend is next to impossible.
The hype and market trending can seem good but that is not stagnant, the volatile market surprises in hourly basics. Binance has also warned impulsive crypto enthusiasts to get a hold before taking any further actions.
Binance tweet:
— Binance (@binance) May 29, 2022
