The Cryptocurrency Market

The cryptocurrency market, particularly altcoins like Dogecoin (DOGE), is experiencing volatility as prices fluctuate due to changing sentiments. Recently, there was a mild rally following expectations of a U.S. government policy shift, but the positive sentiment from the Digital Asset Summit in New York has diminished.

DOGE Challenges ADA for Eighth Spot

This fluctuation has allowed Dogecoin to challenge Cardano (ADA) for the eighth position in market capitalization rankings. In March, DOGE and ADA were in competition, and analysts suggest that a price rebound for DOGE could increase its market cap above ADA’s, currently valued at $25.08 billion.

As of now, ADA has seen a 2.64% decline, trading at $0.7072, with trading volume also decreasing. In the last 24 hours, its trading volume fell by 24.39%, totaling $831.95 million.