At the time of publication, one (BTC) values $47,247, while one Dogecoin (DOGE) is worth around $0.068. If you are new to crypto or markets, you may initially think: Hey, DOGE is cheaper than Bitcoin, and if it picks up enough steam, maybe it could catch up to BTC and rise over $20,000, too. This way of thinking, however, is illogical. Why? Market capitalization and asset supply.
Market cap is the combined dollar value of an asset’s circulating supply. It changes as the value of a given asset rises and falls. Crypto metrics websites, such as CoinMarketCap, rank each cryptocurrency in order of market cap. Bitcoin is the long-standing front runner in this category, holding a market cap of about $879 billion at the time of publication.
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