Dogecoin

Chainlink

Dogecoin, the beloved meme-inspired currency, has staged an impressive comeback in the past week. After experiencing a prolonged period of decline, DOGE has surged back into the spotlight, reclaiming its position among the top 10 most capitalized crypto.&nbsp; Dogecoin bounces back to top 10 
Just a short while ago, <a href="https://news.todayq.com/dogecoin-whales-curious-despite-doges-exit-from-top-10/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> found itself relegated to the 11th spot, overtaken by Chainlink (LINK), amidst a tumultuous period where its price seemed to defy market trends. However, in a surprising turn of events, Dogecoin has managed to bounce back, showcasing a remarkable 7.5% surge in price. This resurgence has propelled Dogecoin back <a href="https://news.todayq.com/dogecoin-whales-curious-despite-doges-exit-from-top-10/" target="_blank" rel="noopener noreferrer nofollow">into the top 10</a>, reaffirming its relevance.
Recently, several substantial Dogecoin <a href="https://news.todayq.com/150m-dogecoin-shifted-from-robinhood-what-does-it-mean-for-doge/" target="_blank" rel="noopener noreferrer nofollow">transactions </a>have surfaced. Including the transfer of 100 million DOGE valued at $8.27 million and another 150 million DOGE worth $12.4 million, both migrating from Robinhood to mysterious destinations. These transactions contribute to a larger pattern of Dogecoin activity observed recently.
In the past 24 hours alone, Dogecoin has seen a notable growth of 3.62%, with its price now standing at $0.08581. This surge has significantly boosted Dogecoin’s market capitalization to a staggering $12.27 billion. The newfound momentum has allowed Dogecoin to surpass the market capitalization of Chainlink. Chainlink(LINK) and the global market 
On the other hand, Chainlink (LINK) is currently priced at $20.05, showing a modest increase of 0.81% over the past day. With a market capitalization of $11,769,720,293, Chainlink holds the 11th position among digital currencies. In the last 24 hours, its trading volume reached $534,257,355, representing 12.22% of its market cap. Chainlink has a circulating supply of 587,099,970 <a href="https://news.todayq.com/chainlink-unlocks-314-million-worth-of-link-tokens-will-price-drop/" target="_blank" rel="noopener noreferrer nofollow">LINK tokens</a>, which accounts for 58.71% of its total supply of 1,000,000,000 LINK. The fully diluted market cap of Chainlink stands at $20,047,216,633, reflecting its potential valuation if all tokens were in circulation.
In the broader landscape, Bitcoin’s dominance has slightly decreased to 52.51%. The global crypto market cap has seen a 2.01% increase over the last day, reaching $1.96 trillion. The total volume of the crypto market over the past 24 hours stands at $86.3 billion, with decentralized finance (DeFi) contributing $7.34 billion, comprising 8.51% of the total volume.
Stablecoins continue to play a significant role, with a total volume of $78.37 billion, representing 90.81% of the total crypto market 24-hour volume. These figures reflect the dynamic nature of the market. Where shifts in trends and sentiments can lead to rapid changes in rankings and valuations.
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Dogecoin bounces back, Is this bad news for Chainlink (LINK)?

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