– DOGE surpassed both BNB and ADA.
– DOGE was ranked sixth on Saturday, and is now fourth.
– As BNB and ADA continue to decline, XRP continues to follow closely.
DOGE rose to the fourth place with the decline of both BNB and ADA, as the declining momentum triggered sales in the market.
Dogecoin (DOGE) ranked among the top four by market capitalization, surpassing Binance Coin (BNB) and Cardano (ADA).
The bounce came as the bearish momentum continued over the weekend. Bitcoin price continued to decline for the fourteenth consecutive days. The negative price action caused dramatic losses on altcoins as well.
The falling price action caused changes in the top five.
However, DOGE managed to see less red in the market compared to BNB and ADA. BNB dropped about 19% on Sunday. The two-place drop occurred when the Binance native token lost its place to Cardano on Saturday.
ADA’s price on Sunday fell 12.8%, while DOGE was down 9.6% compared to Binance.
Elon is still Dogecoin supporter
Elon Musk recently backed DOGE in a tweet and said, “I have never sold any Doge and I will not sell it.”
DOGE increased substantially in 2021. Although the current price of cryptocurrency has dropped by 55%, DOGE’s price increase this year is still around 7,000%.
ADA enjoyed increasing popularity as it continued to move towards becoming a true Ethereum competitor. The project recently announced its ERC20 converter, which is planned to be launched with the mainnet. Also, Cardano expanded its partnerships with African companies to further expand crypto in rural areas.
Ripple (XRP) is right behind BNB, ADA and DOGE. XRP currently ranks seventh in market capitalization. The project also experienced a dramatic drop in price along with the rest of the market. XRP currently seems to have only 3.29 Billion market capitalization behind BNB.