$DOGE ( $TRX , $LINK )

THESE 2 ALTCOINS ARE THREATENING TO KICK DOGECOIN OUT OF THE TOP 10

DOGECOIN has been able to stay in the top 10 cryptocurrencies by market cap after its impressive rally spurred by billionaire Elon Musk in 2021. However, the meme coin has been having a tough go at it after a drawn-out bear market triggered a 90% price decline. As a result of this, DOGE’s market cap has fallen drastically, now putting it at risk of losing its position in the top 10 cryptocurrencies.

TRON (TRX) And CHAIN LINK (LINK) CROP UP BEHIND DOGECOIN..

The Dogecoin price, having fallen below $0.08 once again, has seen its market cap drop to around $11.2 billion. With the market cap this low, the meme coin only has a tentative hold on its 10th position on the list of largest cryptocurrencies by market cap.

Other altcoins such as Tron and Chainlink have had a better go at it, with their native tokens, TRX and LINK doing incredibly well over the last year. Even in the last week alone, while the price of DOGE has suffered 1.5% losses, these two altcoins have seen double-digit gains that have sent their market caps soaring.

CAN DOGE THWART THREATS TO IT'S POSITION???

Dogecoin has failed to follow the same growth pattern as most other large caps in the crypto space, and it has suffered greatly for this. To be able to hold its position in the top 10 cryptocurrencies by market cap, there would have to be some definite upward movement from the meme coin.