Dogecoin going up

After more than half a month since DOGE plummeted in early June, the father of all memecoins has returned to $0.07 per coin level. The return was a triumphant one, thanks to Elon Musk and his The Boring Company, as well as some other news about DOGE adoption. And, of course, the overall positive sentiment in the market played its part. } Now it is the No. 8 cryptocurrency by market capitalization, worth $16.4 billion. CNBC and Bloomberg cover it regularly (albeit not always favorably). And in April, AMC movie theater chain began accepting dogecoin directly via its mobile app for tickets, with CEO Aam Aron saying it was because of a big Twitter campaign by supporters.

But, the fact that Dogecoin is an unstable coin cannot be ignored. The increasing number of circulation will decrease the demand, which will further lead to decrease in prices of DOGE. This is certainly not a good sign of a healthy investment. Cryptocurrency News Cosmos calls itself the "internet of blockchains." It is a smart contract platform that focuses on interoperability. Interoperability is one of the next big challenges for cryptocurrencies -- it is what will help them to talk to each other. There are a couple of interesting cryptos in this space, and Cosmos is one to watch. Currently positioned at 30th place in the crypto charts, its market cap is about $6 billion -- compared to Dogecoin's 12th place market cap of almost $23 billion.