Dogecoin Future: Can it Overtake XRP Capitalization?
Dogecoin surpasses key resistance levels with potential to eclipse XRP market cap.
Sustaining Dogecoin price above the $0.20 support level is crucial for its future growth.
Sustaining Dogecoin price above the $0.20 support level is crucial for its future growth.
Adoption as a payment method and support from influential figures boosts Dogecoin's potential.
The meme cryptocurrency Dogecoin (DOGE) has capitalized on the current market bullish trend, breaking through key resistance levels and aiming towards the coveted $1 mark.
Against the backdrop of the recent momentum in Dogecoin price, this meme coin is rapidly closing the gap with XRP in terms of market capitalization. Currently, the difference in market capitalization between both cryptocurrencies is almost 4 billion
dollars, with XRP valued at $32.98 billion and DOGE at $29.98 billion.
The question then arises: does Dogecoin have the potential to surpass the market capitalization of XRP? This achievement will primarily depend on the price movements of Dogecoin.
Dogecoin Price Prediction
It is crucial to note that Dogecoin is currently trading above the critical $0.20 level, which has become an essential support zone. The coin's ability to sustain its price above this point could ease the path towards reaching the $0.30 mark. Indeed, Dogecoin has shown potential for a rally, doubling its price in 2024 alone.
