{"id":573453,"date":"2024-02-06T00:00:02","date_gmt":"2024-02-06T00:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=573453"},"modified":"2024-02-05T16:29:18","modified_gmt":"2024-02-05T16:29:18","slug":"dogecoin-chainlink-34-kicks-doge-top-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-chainlink-34-kicks-doge-top-crypto\/","title":{"rendered":"Dogecoin Trounced: Chainlink’s 34% Jump Kicks DOGE Out Of Top 10 List"},"content":{"rendered":"

After Chainlink’s impressive run of more than 34% over the past week, LINK has dethroned Dogecoin (DOGE) from the top 10 crypto by market cap list.<\/p>\n

Chainlink Has Pulled Away From The Crowd With A Sharp Surge Recently<\/h2>\n

While most cryptocurrency sectors have observed minimal movement recently, Chainlink has emerged as an outlier, enjoying a surge of over 34% in the last week.<\/p>\n

Related Reading: Bitcoin CDD Shows Bullish Breakout, Rally Returning In Full Flow?<\/a><\/div>\n

The below chart shows how LINK has performed over the past month.<\/p>\n

\"Chainlink<\/p>\n

The price of the coin seems to have observed a sharp increase in recent days | Source: LINKUSD on TradingView<\/a><\/pre>\n
LINK had achieved a major milestone, breaking above the $18 level earlier during this latest rally, but with a sharp 8% continuation of the run, the coin has now surged beyond the $19.5 mark for the first time since early 2022.<\/p>\n
Should Chainlink’s surge continue, the cryptocurrency would be retesting the $20 level, which could prove to be a source of major resistance, according to on-chain data<\/a>.<\/p>\n
LINK has surged more than 38% over the past thirty days, which means it has significantly outperformed the wider sector. Bitcoin, for instance, hasn’t even been able to put together positive returns in this period, as the original cryptocurrency’s price has declined by almost 2%.<\/p>\n
Thanks to this strong rally, Chainlink has changed its standing among the wider sector. Specifically, the token has shaken things up in the market cap<\/a> list.<\/p>\n
Dogecoin Has Lost Its Position In The Top 10 List To LINK<\/h2>\n
Following the rally, LINK has improved its market cap rank and is now the 10th largest cryptocurrency in the sector based on this metric. Dogecoin, holding this spot earlier, has now fallen to 11th.<\/p>\n
The table below shows how the two assets fit in the broader sector.<\/p>\n
\"Dogecoin<\/p>\n
The current data of the coins placed 9th to 12th on the market cap list | Source: CoinMarketCap<\/a><\/pre>\n
Although Chainlink has now surpassed Dogecoin in this metric, the gap between the two assets is still not much. This means the two coins may continue to flip each other in the coming days unless one shows diverging performance.<\/p>\n
As LINK has arrived at this spot with a sharp surge, things may be looking favorably for the asset, especially considering that DOGE has rather put up negative returns in the past week.<\/p>\n
Related Reading: These Are The Four Key Bitcoin Price Levels To Watch, Reveals Analyst<\/a><\/div>\n
The overall picture has also been a bit dire for the memecoin recently, as the chart below displays that its price has followed a sideways trajectory during the past month.<\/p>\n
\"Dogecoin<\/p>\n
Looks like the memecoin has observed stale price action for most of this period | Source: DOGEUSD on TradingView<\/a><\/pre>\n
Unless things change fast for Dogecoin, its exit from the top 10 list may be here to stay. Of course, this only assumes that Chainlink itself doesn’t fall off shortly.<\/p>\n
Featured image from Shutterstock.com, charts from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
After Chainlink’s impressive run of more than 34% over the past week, LINK has dethroned Dogecoin (DOGE) from the top 10 crypto by market cap list. Chainlink Has Pulled Away From The Crowd With A Sharp Surge Recently While most cryptocurrency sectors have observed minimal movement recently, Chainlink has emerged as an outlier, enjoying a surge of over 34% in the last week. Related Reading: Bitcoin CDD Shows Bullish Breakout, Rally Returning In Full Flow? The below chart shows how LINK has performed over the past month. The price of the coin seems to have observed a sharp increase in recent days | Source: LINKUSD on TradingView LINK had achieved a major milestone, breaking above the $18 level earlier during this latest rally, but with a sharp 8% continuation of the run, the coin has now surged beyond the $19.5 mark for the first time since early 2022. Should Chainlink’s surge continue, the cryptocurrency would be retesting the $20 level, which could prove to be a source of major resistance, according to on-chain data. LINK has surged more than 38% over the past thirty days, which means it has significantly outperformed the wider sector. Bitcoin, for instance, hasn’t even been able to put together positive returns in this period, as the original cryptocurrency’s price has declined by almost 2%. Thanks to this strong rally, Chainlink has changed its standing among the wider sector. Specifically, the token has shaken things up in the market cap list. Dogecoin Has Lost Its Position In The Top 10 List To LINK Following the rally, LINK has improved its market cap rank and is now the 10th largest cryptocurrency in the sector based on this metric. Dogecoin, holding this spot earlier, has now fallen to 11th. The table below shows how the two assets fit in the broader sector. The current data of the coins placed 9th to 12th on the market cap list | Source: CoinMarketCap Although Chainlink has now surpassed Dogecoin in this metric, the gap between the two assets is still not much. This means the two coins may continue to flip each other in the coming days unless one shows diverging performance. As LINK has arrived at this spot with a sharp surge, things may be looking favorably for the asset, especially considering that DOGE has rather put up negative returns in the past week. Related Reading: These Are The Four Key Bitcoin Price Levels To Watch, Reveals Analyst The overall picture has also been a bit dire for the memecoin recently, as the chart below displays that its price has followed a sideways trajectory during the past month. Looks like the memecoin has observed stale price action for most of this period | Source: DOGEUSD on TradingView Unless things change fast for Dogecoin, its exit from the top 10 list may be here to stay. Of course, this only assumes that Chainlink itself doesn’t fall off shortly. Featured image from Shutterstock.com, charts from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":573461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[16295,91529,89663,91509,1785,7,87806,79599,16097,75940],"class_list":["post-573453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-chainlink","tag-chainlink-market-cap","tag-chainlink-rally","tag-chainlink-surge","tag-doge","tag-dogecoin","tag-dogecoin-market-cap","tag-dogeusd","tag-link","tag-linkusd"],"acf":[],"yoast_head":"\nDogecoin Trounced: Chainlink's 34% Jump Kicks DOGE Out Of Top 10 List<\/title>\n<meta name=\"description\" content=\"After Chainlink's impressive run of 34% over the past week, LINK has dethroned Dogecoin (DOGE) from the top 10 crypto by market cap 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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Trounced: Chainlink’s 34% Jump Kicks DOGE Out Of Top 10 List","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-chainlink-34-kicks-doge-top-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-chainlink-34-kicks-doge-top-crypto\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/shutterstock_2139261247.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/shutterstock_2139261247.jpg?fit=5825%2C3277"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","chainlink market cap","chainlink rally","chainlink surge","doge","dogecoin","dogecoin market cap","dogeusd","link","linkusd"],"dateCreated":"2024-02-06T00:00:02Z","datePublished":"2024-02-06T00:00:02Z","dateModified":"2024-02-06T00:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Trounced: Chainlink’s 34% Jump Kicks DOGE Out Of Top 10 List\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-chainlink-34-kicks-doge-top-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-chainlink-34-kicks-doge-top-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/shutterstock_2139261247.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/shutterstock_2139261247.jpg?fit=5825%2C3277\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"chainlink market cap\",\"chainlink rally\",\"chainlink surge\",\"doge\",\"dogecoin\",\"dogecoin market cap\",\"dogeusd\",\"link\",\"linkusd\"],\"dateCreated\":\"2024-02-06T00:00:02Z\",\"datePublished\":\"2024-02-06T00:00:02Z\",\"dateModified\":\"2024-02-06T00:00:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/shutterstock_2139261247.jpg?fit=5825%2C3277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573453"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=573453"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/573461"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=573453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=573453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=573453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}