Dogecoin Flips Cardano To Become 7th Largest Crypto

Dogecoin flips Cardano, and everyone knows why.

According to recent stats from data aggregator Coimarketcap, Doge was able to beat Cardano to become 7th largest crypto in terms of market cap.

Currently, Doge has a market cap of $13.7 billion compared to $13.6B of Cardano.

The one and only reason for this flipping is the last night’s announcement by Elon Musk replacing Twitter’s old Bird logo with doge.

Elon Musk has changed Twitter classic blue bird logo to the Dogecoin. Twitter CEO Elon Musk confirmed the update while posting a conversation and responding “as promised”.https://t.co/jKycXf5XUM https://t.co/1sFKftHohs pic.twitter.com/E9hEJmeBzO

— TheCryptoBasic (@thecryptobasic) April 4, 2023

This move helped Doge to gain more than 30% in less than 24 hours while also beating Cardano to become the 7th top crypto in the world.

The unexpected move came after Elon Musk requested the judge to end the $258B lawsuit that accused Elon of promoting a security through a pyramid scheme.

Elon Musk asked U.S. judge to end $258B lawsuit accusing him of promoting Dogecoin through a pyramid scheme

— TheCryptoBasic (@thecryptobasic) April 3, 2023

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Always supporting Elon Musk, the dogecoin creator said that DOGE shares the same codebase with Bitcoin; consequently, Markus added, “If dogecoin is a security, bitcoin is a security.”

After Elon Musk’s Twitter changed its homepage icon to the Dogecoin logo, Dogecoin’s 24-hour trading volume soared to $3.54 billion, its highest point in the last three months.

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