Cryptocurrency

Dogecoin and the ‘Dogecoin killer’ shed value in the last 24 hours as the majority of the cryptocurrency market stabilised.

The latter, SHIBA INU (SHIB), had rocketed past its parent coin in recent days in terms of market cap.

However a second consecutive day of freefall – shedding 12% – saw it drop below DOGE and stablecoin USDC and out of the top 10 cryptos.

At the time of writing (7am UK), Ethereum-based spinoff SHIB is 17% down in a week.

DOGE, meanwhile, lost 1% and is now below 27 cents, which puts it 9% down over seven days.

Solana (SOL) gained 6% to sit at $241 and is a massive 28% up in a week.

Polkadot (DOT) performed well for a third consecutive day, surging another 5% to close on $54. That leaves it a huge 30% up over seven days.

Ethereum (ETH), the world’s second most valuable crypto, remained around its record valuation and is worth $4,571 at the time of writing.  The smart contract blockchain platform is 13% up over seven days.

Market leader Bitcoin (BTC) remained around $62,600 and is up 6% on last Thursday morning.

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Cardano (ADA) remained static at $2.05 and is up 5% in a week, while Ripple’s XRP is at $1.22 thanks to a 2% increase. XRP is 18% up over seven days.

Binance Coin (BNB) gained 2% to $560, up 23% in a week.

The overall market cap of the more than 13,500 coins is at $2.74 trillion after a slight rise in the last 24 hours.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.