To understand cryptocurrency, we need to understand what a token is and what is a coin. In broader terms, a token doesn't have its own blockchain and it lives on top of an existing blockchain infrastructure, whereas a coin operates on its own blockchain.
Every now and than, new cryptocurrencies are added in the market since yesterday, 25 new currencies are added to coinmarketcap, amongst these, 4 are derivatives of Ethereum blockchain, 1 of polygon and rest using binance coin.
Doge coin, once started as a joke is now the real player for weeks but what made the currency growing exponentially started to fall. Is this, the threat posted by Elon Musk or the real reason is the new player in the market- Shiba Inu.