Era of Upheaval: Can Dogecoin Take XRP's Place?
Dogecoin performed quite well during a time when the cryptocurrency market remained indecisive. Even though there have been times when the price has fallen, it has managed to regain $0.2, although most of the bearish resistance is seen at this crossroads.
However, Dogecoin's ability to retain most of its March gains has led to a rapid rise in its market capitalization. The meme coin's market cap from less than $15 billion at the start of 2024 has now topped $28.6 billion, dangerously close to XRP's market cap.
At the time of writing, XRP's market capitalization is $33.9 billion, driven by its price decline over the past week. This means that XRP's market capitalization is now only 15.6% higher than Dogecoin's, a dangerously small gap considering how quickly cryptocurrency prices can rise.
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