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Dogecoin has maintained its position among the top ten cryptocurrencies by market capitalization since February 2021, a testament to its enduring presence.
Despite its occasional outsider status in institutional trading, Dogecoin consistently records robust 24-hour trading volumes, often exceeding $200 million. This liquidity indicates an enduring interest in the coin among traders and investors.
The performance of Dogecoin during the next upswing may provide valuable insight into its long-term prospects since the crypto market cycles through bull runs and bear phases.
Floki, while not extinct, has certainly witnessed a decline in its hype and price. Many of its holders have incurred significant losses due to its price plunge. However, there is hope on the horizon as the project focuses on initiatives like FlokiFi and the Valhalla metaverse.
The performance of these endeavors during the next bull run will be pivotal and worth monitoring closely.