Dogecoin surges by 40% as top 10 cryptos crash, data reveals

Share
Dogecoin and Polygon are the only two top cryptos to see a price rise as other currencies crash, Crypto Presales report says.

Dogecoin and Polygon were the only two leading cryptocurrencies to see a rise in value over October and November, a new report shows.

The figures, released by Crypto Presales, show that out of the top 10 currencies, most coins lost an average of 10% of their value over the past month, with only two currencies holding their own value-wise. 

Dogecoin came in November with an impressive price rise of 40%. But Solana saw a tumble of 56%. 

While Dogecoin in general, has experienced price drops this year (it lost 65% of its value in ten months,, down from $22.8bn in January) November has seen the beleaguered currency rally over the past month. The rise in value follows months of low trading - and even saw Dogecoin move back into the top 10 most traded cryptocurrencies.

The second currency to see a price surge was Polygon. However, the rise has been small - just 2% but increases the currency’s market capfrom $7.3bn in October to $7.5bn. 

Solana sees massive price drop, Bitcoin also falls

But Solana, which, according to reports, ranks number 15 in the world’s favourite cryptocurrencies, dropped by 56% in October and November. This fall, the CoinMarketCap shows, makes Solana’s losses the most extensive in 2022. It has fallen by 92% overall, dropping $48bn off the currency’s market cap. 

The data shows that the number one favourite cryptocurrency, Bitcoin has also seen massive losses, as it ranks second for the largest fall of 13.2% in November. Reports also show that  Bitcoin’s value dropped to $16,600 from $19,125 last month. Meanwhile, Shiba Inu saw a 10% price drop, ranking it third for the largest crypto price drops in November 2022.

Share

Featured Articles

Klarna and Stripe Expand Global Payments Integration

Klarna strengthens its merchant acquisition strategy through an enhanced partnership with Stripe to extend its BNPL services

Carbon Credit Market: Poised for Growth by 2030

Experts predict a resurgence in carbon credits with new corporate and technological advancements by 2030

How Revolut Will Transform the Fintech Industry in 2025

Nik Storonksy continues to strive to disrupt global financial services by integrating mortgages, AI and ATMs into its strategic 2025 vision

Protegrity: Navigating Fintech Market Shifts in 2025

Financial Services (FinServ)

Adyen Launches AI Payment Suite with 6% Conversion Boost

Digital Payments

Crypto in 2025: What is its Ceiling?

Crypto