Polkadot (DOT) maintains its lead over Dogecoin (DOGE), despite Tesla CEO Elon Musk’s photo of his new dog.
As it is known, Polkadot has recently surpassed the popular meme cryptocurrency Dogecoin in terms of market cap. According to Coinecko data, the DOT had a market capitalization of 38 billion at the time of writing. Dogecoin had a market cap of $31 billion.
Elon Musk’s Photo Didn’t Help
The fact that Dogecoin did not record any gains due to Musk’s viral photo is the latest sign that Musk’s price action influence on DOGE continues to wane. Yesterday’s photo made Floki Inu rise rather than Dogecoin.
Dogecoin managed to surpass Tether, the leading stablecoin, in mid-April, but its massive rally faded in early May.
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