Neither Solana nor Avalanche! Experts say this altcoin is eyeing XRP's throne!
Dogecoin (DOGE) currently has a market cap of $19.8 billion and trades at $0.145, while Ripple's XRP is at $0.5 with a market cap of $27 billion. A legal expert suggests the SEC lawsuit against Ripple might conclude by summer, potentially boosting XRP's value. However, some experts believe Dogecoin could surpass XRP's market value this year for several reasons:
Elon Musk's Support: Musk's backing has significantly boosted Dogecoin's credibility and price, unlike XRP which lacks such a high-profile advocate.
Tesla Acceptance: Tesla's decision to accept DOGE has increased its market utility and acceptance, while XRP's partnerships take time to establish.
Meme Culture: Dogecoin's popularity among tech-savvy investors contrasts with XRP's traditional financial image.
Community and Ecosystem: Supported by other memecoins like Shiba Inu and Floki, Dogecoin's strong community bolsters its market presence.