Dogecoin becomes second largest PoW cryptocurrency

[AishwaryaDas]

Meme-inspired cryptocurrency Dogecoin (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the Ethereum network's proof-of-stake upgrade on Sept. 15.

Bitcoin (BTC) of course remains miles ahead of Dogecoin’s market cap of $7.83 billion, though the well-followed memecoin is still comfortably ahead of the third place PoW cryptocurrency Ethereum Classic (ETC) (with a market cap of $4.69 billion), Litecoin (LTC)  ($4.01 billion) and Monero (XMR) ($2.65 billion).

One Dogecoin fan appeared to be in disbelief of Dogecoin’s rise to become the second largest PoW cryptocurrency, stating “who would have thought that this would happen. Congrats #Dogefam.”

(Source: Cointelegraph)

[CryptoboyRamesh]

You didn't say something of your own about the article you copied and pasted with the link, we expect a piece of what you think as well considering you started the topic. Dogecoin may soon become the first on PoW or second on PoS, depending on if bitcoins transition first or they do. If asked some months ago, I would have picked litecoins as the next to succeed ETH as second largest PoW, but here we are. The announcement however did not seem to have any major effect on the price of Dogecoin.