Coinfomania: Where blockchain and cryptos live.

DOGE Dethrones XRP to Become Crypto’s Fourth Largest Coin

The latest market cap ranking shows Dogecoin flip Tether and Ripple to claim the fourth spot as the crypto’s fourth-largest coin.

The current milestone is attributed to dogecoin recent surge. This price hike saw DOGE record a new all-time high as well as climb the market cap ranking.

As of the time of writing, DOGE all-time is $0.68. As at the time DOGE attained a new ATH, its market cap was $88 billion and was $12 billion short of flipping the third largest coin, BNB.

Dogecoin current market cap is $86 billion and sits on the fourth spot, creating a gap of more than $12 billion from the fifth coin and more than $30 billion from the sixth largest coin.

Ripple remains crypto’s fifth-largest coin. With a market cap of more than $73 billion. XRP traders will be poised to see the coin back to its previous position.

The buyers will have to rally the market and pump ripple as high as $2 thereby increasing its market cap above $90 billion and increasing the probability of flipping the Binance coin.

From all indications, DOGE may still enjoy more price surges that will see it hit the $1 mark as the buyers will not stop rallying the market until it gets to the mark.

Based on price movement, DOGE may be moving too fast. From as low as $0.18, dogecoin surged by more than 100% in five days before a brief correction above $0.4. During the most recent price hike, the fourth coin by market cap increased in value by more than 50% in seven days.

DOGE gained more than 120% during the last seven and  91% in the last fourteen days. More increase is sure to follow as the $1 mark is the target.

Once at the $1 mark, dogecoin may face stiff opposition that may see the coin lose 25% of its value in few weeks and a worst-case scenario, half its value. The bulls may be unable to stop the price drop as there will be more intense sellers congestion.


Affiliate:  Get a Ledger Nano X for $119 So That Hackers Won't Steal Your Crypto!

Follow us on Twitter, Facebook, and Telegram to receive timely updates. Subscribe to our weekly Newsletter.