Cardano Beats Dogecoin (DOGE) in Market Cap Top as ADA Price Spikes Higher

01/15 12:12

Cardano's native blockchain token, ADA, has overtaken Dogecoin (DOGE) in the CoinMarketCap ranking of major cryptocurrencies. With ADA up more than 15% over the past week, the Cardano token has gained $2 billion in capitalization.At the same time, the price of DOGE, following growth across the entire crypto market spectrum, climbed less than 14% and as a result added only $1.3 billion to the market valuation of the entire Dogecoin offering. As of today, the Cardano token is the eighth largest crypto asset by capitalization, while Dogecoin is the ninth. Both tokens are relatively far from their closest neighbors, with the Polygon blockchain token (MATIC) rounding out the top 10 of the ranking and the stablecoin from Binance, BUSD, sitting at the nearest top.
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