In 2020, one-third of cryptocurrencies ranked above Dogecoin have fallen out of the top 100. The shift towards regulated crypto ETFs and Web3 adoption favors utility coins like Chainlink, Avalanche, and Polkadot over meme-based cryptos. Dogecoin’s market value has surged to $37.6 billion, but its days in the spotlight may be numbered.

Dogecoin lacks real-world utility compared to coins like Chainlink, Avalanche, and Polkadot. These coins align with Web3 ideals, where crypto ownership and data control are decentralized. Polkadot, a Web3 pioneer, facilitates app development across various cryptos. Dogecoin’s relevance is expected to decline as these coins grow in market value.

Polkadot, with a $6.6 billion market cap, simplifies complex crypto app design and connects to other cryptos. Chainlink, the top data provider, supports Ethereum and Polkadot with real-world data feeds. Avalanche, a fast and eco-friendly platform for decentralized apps, is growing rapidly in relevance and market cap. These coins are poised to surpass Dogecoin in the next five years.

Read more at Yahoo Finance: 3 Cryptocurrencies That’ll Be Worth More Than Dogecoin 5 Years From Now