Dogecoin (DOGE) Eyes XRP’s Ranking, Can 10% Rally Propel It Forward?

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Today, Dogecoin (DOGE) is experiencing a significant price increase. The cost of one DOGE coin is now up by around 10%, reaching $0.1986. Over the past day, there has been a rise of approximately 3.7%, while over the last week, the price has surged by over 10%. The popular meme coin is making strong gains.

Run for XRP‘s ranking

The recent surge in Dogecoin‘s price is noteworthy given the volatile market conditions for cryptocurrencies as a whole. After experiencing a significant decline and unpredictable growth over the past week, Dogecoin’s current upward trend ranks among the most promising of the top 10 digital currencies. In comparison, XRP‘s growth prospects are relatively less favorable.

Dogecoin aims to surpass XRP‘s market capitalization of $34.1 billion by reaching $28.7 billion, given their nearby positions in the cryptocurrency world. At present, Dogecoin’s market cap amounts to $28,700,396,274 and ranks eighth, while XRP‘s stands at $34,118,304,117, placing it seventh.

If Dogecoin’s outperformance over XRP and most other altcoins persists, a reversal of their positions in the market could occur relatively soon.

Battle among top 10

For an extended period, Bitcoin (BTC) and Ethereum (ETH) held the top two positions in terms of market capitalization without being challenged. However, predictions suggest that this order may shift in the future. Meanwhile, various altcoins have experienced position swaps throughout the previous year.

In late 2023, Solana overtook Binance Coin (BNB) in value due to its price revival. More recently, Toncoin (TON) has surpassed Cardano and is now the ninth largest cryptocurrency by market capitalization. With the volatile nature of this market, the possibility of Dogecoin surpassing Ripple in value may occur faster than anticipated.

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2024-04-11 12:27