The price of Dogecoin (DOGE) is rising dramatically today, gaining 10% to reach a spot worth of $0.1986. The leading memecoin has increased by more than 10% over the previous seven days and by 3.68% over the last 24 hours.
The Run For XRP’s Ranking
Given the present status of the larger digital currency ecosystem, Dogecoin is undertaking an aggressive rally. The present growth forecast for Dogecoin is among the best among the top 10 digital currencies, and it is noticeably much better than that of XRP, following more than a week of volatility and growth.
Dogecoin hopes to surpass XRP in market valuation by making a move that would put it closer to the digital currency. As of this writing, Dogecoin is ranked number 8 with a market capitalization of $28,700,396,274, while XRP is ranked number 7 with a market capitalization of $34,118,304,117.
Even while there is still a significant gap, this flipping might occur soon if Dogecoin’s performance continues to substantially above that of XRP and the bulk other cryptocurrency.
Battle In Top 10
Only two cryptocurrencies—Bitcoin (BTC) and Ethereum (ETH)—have been assured of holding the top two positions in terms of market value for the longest time. The surviving cryptocurrencies have been showing distinct swings over the last year, despite predictions that this may alter in the future.
When Binance Coin’s (BNB) price action was reviving in the second half of 2023, Solana once reversed it. Toncoin (TONNE) is now the ninth most valued cryptocurrency on the market, having just surpassed Cardano. Given the ecosystem’s ongoing pricing fluctuations, the Dogecoin-XRP flippening may occur sooner than anticipated.
