A number of digital assets have gained momentum in the lead up to this week. Two prominent cryptos are now in a very interesting race. As Ripple’s position has not changed, Dogecoin could pass XRP in 2024.
Ripple currently holds 6th place, while DOGE is 8th. The performance of these tokens creates an intriguing narrative which could lead to the first meme coin breaking through amid a few uncertain weeks for XRP.
You may also like: XRP Price: Analyst Bullish For $1 Breakout Despite Ripple’s Sluggish Ascent
XRP vs. DOGE – The battle for number 6
The crypto market will continue to grow throughout the year 2024. The market has benefited from the performance of Bitcoin, which was impressive this year. BTC’s all-time highest was $73,000 in March. Its value explosion has induced optimism in other markets, as well.
It has faced several price corrections which have affected many tokens. Ripple’s lack of growth has caused many people to wonder if Dogecoin could overtake it. The original meme coin then catapulted into the top six.
Ripple’s (XRP), despite its relatively stagnant price over the past few weeks, has risen more than 3% in the last day to reach a trading level of $0.618. Moreover, the trading volume of Ripple (XRP) has increased more than 108% over that same time period. According to the data, this positive performance only represents a 1% rise in value over the previous month. CoinMarketCap.
![Dogecoin placed on a US dollar note](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Could-Dogecoin-DOGE-Pass-XRP-in-2024.jpg)
![Dogecoin placed on a US dollar note](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/Could-Dogecoin-DOGE-Pass-XRP-in-2024.jpg)
You may also like: Dogecoin Price Prediction for This April – Can DOGE Hit $0.3?
Market cap shows that Dogecoin’s monthly gain is more than 23 percent, while Bitcoin has a loss of less than 1%. In addition, it’s been in green for the last 24 hours, though the increase is less than 1 percent. Market cap is still the topic of discussion.
In the past 24 hours both assets’ market capitalizations have increased. Ripple’s market cap is now up by more than 3%. Dogecoin has a market cap that is up less than 1 percent, yet it’s still growing.
Dogecoin’s potential to surpass Ripple in terms of market capital is the biggest question. The upcoming race is the most important one for that race. Bitcoin Halving event It is important to understand that the role of your asset will be crucial. In fact, whichever asset gains more value from this development will see their stock increase exponentially. Dogecoin has the ability to rise above XRP at any time. next Several weeks.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru