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.

在亿万富翁埃隆·马斯克 (Elon Musk) 的推动下，狗狗币在 2021 年实现了令人印象深刻的上涨，之后一直保持在市值前 10 位的加密货币之列。然而，在旷日持久的熊市引发了 90% 的下跌之后，狗狗币一直面临着艰难的处境。价格下降。因此，DOGE 的市值大幅下跌，目前面临失去十大加密货币地位的风险。

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

Tron (TRX) 和 Chainlink (LINK) 紧随狗狗币之后

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.

狗狗币价格再次跌破 0.08 美元，市值跌至 112 亿美元左右。由于市值如此之低，迷因币在市值最大的加密货币名单上仅暂居第十位。

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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 等其他山寨币在这方面表现更好，它们的原生代币 TRX 和 LINK 在去年表现得非常好。即使仅在上周，虽然 DOGE 的价格下跌了 1.5%，但这两种山寨币却出现了两位数的涨幅，导致其市值飙升。

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) 上周上涨了 10% 以上，并且在过去 24 小时内上涨了 3.55%。这些收益使其市值超过 109 亿美元，接近狗狗币 112 亿美元的市值。这仅占 3 亿美元的差异，即使 TRX 比这个水平低 5%，山寨币也会领先于狗狗币。

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.

同样，Chainlink 的 LINK 在 7 天内上涨超过 16% 后，也经历了本周的看涨。尽管最后一天下跌了 3.29%，但其市值仍然高得令人难以置信，达到 108 亿美元，距离达到狗狗币的市值仅 4 亿美元。与 TRX 一样，如果从这里上涨 5%，LINK 的市值就会超过 DOGE，就像两天前那样。

Can DOGE Thwart Threats To Its Position?

DOGE 能否阻止对其地位的威胁？

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.

狗狗币未能遵循与加密货币领域大多数其他大型股相同的增长模式，并因此遭受了巨大损失。为了能够保持其在市值前 10 名加密货币中的地位，模因币必须有一定的上升趋势。

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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.

现在，正如 Bitcoinist 报道的那样，狗狗币在过去两周内得到了显着的采用。然而，这种增长并没有转化为它的价格，它的价格在上个月慢慢下降。这表明，虽然已经被采用，但抛售压力继续压倒买家，导致价格进一步下跌。

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.

如果本周 TRX 和 LINK 继续上涨，而 DOGE 未能上涨，那么 Meme 币可能会跌出前 10 名。在撰写本文时，DOGE 价格趋势为 0.078 美元，占 0.28% 的跌幅每日图表。

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

DOGE 价格保持在 0.078 美元低位 |资料来源：Tradingview.com 上的 DOGEUSD

精选图片来自 Motley Fool，图表来自 Tradingview.com