Dogecoin is losing its market dominance, enabling its competitors to rise further
After riding on a huge hype on the internet, Dogecoin’s victory has ended for a while. The crypto’s popularity is not so surprising for some investors because the community has promoted an entire rags-to-riches story to enhance adoption. What started as a joke, has grown into one of the top tokens by market capitalization. Dogecoin has spread its wings into the crypto and finance market and started a new trend that gained the attention of several crypto enthusiasts. But recently, Dogecoin has lost a bit of its fan-following. The emergence of several other Dogecoin alternatives has made it difficult for crypto to maintain its market dominance
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