Until a few months or years ago dogecoin was an altcoin that was in the low rankings of coinmarketcap.com and the price was very low, today the price has increased a lot and dogecoin is in the top 10 of coinmarketcap.com and has its supporter elon musk responsible by price increases. Is case to say that this market for cryptocurrencies is very strange.
Question is, will it keep at the top even during the bear market or when there's no more manipulation by Elon Musk?
It's rise has been quite phenomenal though.
I think everybody already noticed that tether is in third position on coinmarketcap.com was something to be expected, which means that people are relying more on tether despite the many dismal cases it has.
It's been in the third position for a while now especially during the bear market. With the fact that they just mint these stable coins at anytime when there's an inflow of fiat for USD in crypto exchanges, it should come as no surprise.