Tesla and SpaceX entrepreneur Elon Musk has suggested Dogecoin be integrated into Twitter to allow users to pay for its premium service using the cryptocurrency.
He also said Twitter Blue, which costs $3 a month, should be reduced in price and not be subjected to adverts.
The suggestions came ahead of his decision to not join the social media giant’s board despite taking a 9.2% stake in the company – for $2.9 billion – in recent weeks.
However Dogecoin (DOGE), which was trading above 15 cents on Friday – ahead of Musk’s suggestion – is at 14.75c at the time of writing on Monday (7am). The meme coin – which was created as a satire on the hype surrounding cryptocurrencies but is now a major player in the space – remains 2% up over the course of a week, unlike all the other top cryptos, which dropped over the weekend and are also down significantly over seven days.
The overall market cap of the more than 18,800 coins fell from $2.03 trillion on Friday to $1.95tr on Monday morning.
Market leader Bitcoin – the original cryptocurrency created by the mysterious Satoshi Nakamoto – dropped from $43,650 on Friday to $42,300. BTC is 9% down in a week.
Ethereum, the second most valuable crypto coin – created as a decentralised network for smart contracts on the blockchain – fell from $3,270 to $3,188 over the three days. ETH, set for a huge upgrade soon, is also 9% down over the course of a week.
Binance Coin is a cryptocurrency created by popular crypto exchange Binance to assist its aim in becoming the infrastructure services provider for the entire blockchain ecosystem. Its BNB token dropped $20 to $416, leaving it 7% down over seven days.
Solana is a blockchain built to make decentralised finance accessible on a larger scale – and capable of processing 50,000 transactions per second. Its SOL token lost $10 to $111 and is 18% down on its price last Monday morning.
The XRP token of Ripple, a payment settlement asset exchange and remittance system, acts as a bridge for transfers between other currencies. XRP dropped 5c to 74c, which leaves it 11% down over seven days.
Cardano is an open source network facilitating dApps which considers itself to be an updated version of Ethereum. Its ADA token, designed to allow owners to participate in the operation of the network, plummeted 7c to $1.02. It is 15% down over the course of a week.
Terra, described as a programmable money for the internet and the year’s stellar performer, fell down the crypto market cap league table after tanking $17 to below $89. Its payment token LUNA is 23% lower than its price a week ago.
Avalanche, a lightning-quick verifiable platform for institutions, enterprises and governments, came out of nowhere months ago to break into the top 10 currencies. Its AVAX token fell almost $10 to $79.75 and is 18% down in a week.
Polkadot was founded by the Swiss-based Web3 Foundation as an open-source project to develop a decentralised web. Its DOT token, which aims to securely connect blockchains, dropped from $20.52 on Friday to $19.01 and is 17% lower than its price a week ago.
To see how the valuations of the main coins have changed in the last few days, click here.
For valuations of the top 250 coins by market cap plus 24-hour price change and volume traded, see below.