Dogecoin becomes second largest PoW cryptocurrency By Cointelegraph

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Dogecoin becomes second largest PoW cryptocurrency

Meme-inspired cryptocurrency (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the network’s proof-of-stake (PoS) upgrade on Thursday.

(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 (ETC) with a market cap of $4.69 billion, (LTC) at $4.01 billion and Monero (XMR) at $2.65 billion.

Ranking of PoW-Based Cryptocurrencies by Market Cap. Source: CoinMarketCap