Dogecoin, a popular meme coin, has lost its place in the top 10 cryptocurrencies by market capitalization. 

It’s been quite a journey for Dogecoin. The popular coin, once hailed from just being a meme to being one of the prominent digital assets in the crypto market, has fallen from the top 10 list of cryptocurrencies by market cap. 

The current listing shows Bitcoin (BTC) and Ethereum (ETH) leading the ranks, along with Chainlink (LINK) at the tenth spot, leaving Dogecoin (DOGE) at the eleventh spot, according to CoinMarketCap’s data. DOGE’s price today is $0.07957, with a 24-hour trading volume of $286 million. DOGE is down 3.40% in the last 24 hours, with a total market cap of $11.42 billion. 

Although DOGE is just one step away from being in the top 10 again, the crypto market remains volatile, shifting positions every now and then. As of this writing, Chainlink (LINK) steals the 10th spot with a price of $20.47, a 24-hour trading volume of $625.57 million, and a total market cap of $12 billion. 

What happens to Dogecoin?

Despite its current spot, Dogecoin continues to show significant resilience and remains an attraction within the crypto community. 

In fact, the Dogecoin Foundation has revealed its plans for 2024, which include the expansion of RadioDoge that enhances Dogecoin’s accessibility in regions with limited internet access. Another significant milestone for Dogecoin Foundation is the launch of libdogecoin 0.1.3. This project includes enhanced support for Android, which provides developers with improved tools to foster innovation and growth within the Dogecoin ecosystem.

GigaWallet is also set to have significant updates that involve expanding shopping cart integration to various platforms.

These initiatives promote a more inclusive and supportive of Dogecoin’s community. By doing this, Dogecoin’s continuous growth could boost DOGE price opportunities, taking back its spot in the top 10.