Dogecoin has been able to stay in the top 10 cryptocurrencies by market cap after its impressive rally spurred by billionaire Elon Musk in 2021. However, the meme coin has been having a tough go at it after a drawn-out bear market triggered a 90% price decline. As a result of this, DOGE’s market cap has fallen drastically, now putting it at risk of losing its position in the top 10 cryptocurrencies.

在億萬富翁伊隆馬斯克(Elon Musk) 的推動下，狗狗幣在2021 年實現了令人印象深刻的上漲，之後一直保持在市值前10 位的加密貨幣之列。然而，在曠日持久的熊市引發了90% 的下跌之後，狗狗幣一直面臨艱難的處境。價格下降。因此，DOGE 的市值大幅下跌，目前面臨失去十大加密貨幣地位的風險。

Tron (TRX) And Chainlink (LINK) Crop Up Behind Dogecoin

Tron (TRX) 和 Chainlink (LINK) 緊跟在狗狗幣之後

The Dogecoin price, having fallen below $0.08 once again, has seen its market cap drop to around $11.2 billion. With the market cap this low, the meme coin only has a tentative hold on its 10th position on the list of largest cryptocurrencies by market cap.

狗狗幣價格再次跌破 0.08 美元，市值跌至 112 億美元左右。由於市值如此之低，迷因幣在市值最大的加密貨幣名單上僅暫居第十位。

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Other altcoins such as Tron and Chainlink have had a better go at it, with their native tokens, TRX and LINK doing incredibly well over the last year. Even in the last week alone, while the price of DOGE has suffered 1.5% losses, these two altcoins have seen double-digit gains that have sent their market caps soaring.

Tron 和 Chainlink 等其他山寨幣在這方面表現更好，它們的原生代幣 TRX 和 LINK 在去年表現得非常好。即使僅在上週，雖然 DOGE 的價格下跌了 1.5%，但這兩種山寨幣卻出現了兩位數的漲幅，導致其市值飆升。

Tron (TRX), on the one hand, is up more than 10% in the last week and is seeing 3.55% gains in the last 24 hours. These gains have brought its market cap above $10.9 billion, putting it dangerously close to Dogecoin’s $11.2 billion market cap. This accounts for only a $300 million difference, and even a 5% from TRX from this level will put the altcoin in front of Dogecoin.

一方面，Tron (TRX) 上週上漲了 10% 以上，並且在過去 24 小時內上漲了 3.55%。這些收益使其市值超過 109 億美元，接近狗狗幣 112 億美元的市值。這僅佔 3 億美元的差異，即使 TRX 比這個水平低 5%，山寨幣也會領先狗狗幣。

In the same vein, Chainlink’s LINK has also had a bullish week after rising more than 16% in the 7-day period. Despite being down 3.29% in the last day, its market cap is still incredibly high at $10.8 billion, putting it only $400 million away from reaching Dogecoin’s market cap. And like TRX, a 5% move from here would see LINK overtake DOGE in terms of market cap, just like it did two days earlier.

同樣，Chainlink 的 LINK 在 7 天內上漲超過 16% 後，也經歷了本週的看漲。儘管最後一天下跌了 3.29%，但其市值仍然高得令人難以置信，達到 108 億美元，距離達到狗狗幣的市值僅 4 億美元。與 TRX 一樣，如果從這裡上漲 5%，LINK 的市值就會超過 DOGE，就像兩天前一樣。

Can DOGE Thwart Threats To Its Position?

DOGE 能否阻止對其地位的威脅？

Dogecoin has failed to follow the same growth pattern as most other large caps in the crypto space, and it has suffered greatly for this. To be able to hold its position in the top 10 cryptocurrencies by market cap, there would have to be some definite upward movement from the meme coin.

狗狗幣未能遵循與加密貨幣領域大多數其他大型股相同的成長模式，並因此遭受了巨大損失。為了能夠保持在市值前 10 名加密貨幣中的地位，模因幣必須有一定的上升趨勢。

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Now, as Bitcoinist reported, Dogecoin has been seeing significant levels of adoption over the last two weeks. However, none of this growth has translated to its price, which has slowly bleed out over the last month. This suggests that while there has been adoption, the selling pressure continues to overwhelm buyers, causing prices to fall further down.

現在，正如 Bitcoinist 報導的那樣，狗狗幣在過去兩週內得到了顯著的採用。然而，這種增長並沒有轉化為它的價格，它的價格在上個月慢慢下降。這表明，雖然已經被採用，但拋售壓力繼續壓倒買家，導致價格進一步下跌。

If both TRX and LINK continue their upward movements this week and DOGE fails to move, then the meme coin could fall out of the top 10. At the time of writing, the DOGE price is trending at $0.078, accounting for 0.28% losses on the daily chart.

如果本週 TRX 和 LINK 繼續上漲，而 DOGE 未能上漲，那麼 Meme 幣可能會跌出前 10 名。在撰寫本文時，DOGE 價格趨勢為 0.078 美元，佔 0.28% 的跌幅每日圖表。

DOGE price stays low at $0.078 | Source: DOGEUSD On Tradingview.com

DOGE 價格維持在 0.078 美元低點 |資料來源：Tradingview.com 上的 DOGEUSD

精選圖片來自 Motley Fool，圖表來自 Tradingview.com