Cardano founder Charles Hoskinson It provided insight into when. Altcoin Season Maybe it will start. So far, Bitcoin continues to lead, but that could soon change based on Hoskinson’s claims.
When this happens, it’s officially altcoin season, Cardano founder
Hoskinson mentioned on X (formerly Twitter) post Altcoin season is officially upon us. Dogecoin (DOGE) Flip Cardano (ADA). The Cardano founder’s post is significant considering that ADA and DOGE are going head-to-head, and both tokens are currently ranked as the 8th and 9th largest tokens by market capitalization.
Altcoin season (according to Hoskinson’s belief) may have already begun after DOGE temporarily surpassed ADA in market capitalization on March 5. However, following Bitcoin’s sharp correction, the meme coin quickly fell below ADA once again, leading to a downward trend for the broader cryptocurrency. market.
Nonetheless, DOGE’s market capitalization may soon surpass ADA again. Furthermore, Meme Coin Surpasses ADA Prices have increased further in the past seven days, potentially causing the ADA to be overturned.
Hoskinson’s statement also suggested that DOGE monitors its charts closely because it has always kept up with the ADA. But the Cardano founder said there are people who remind him of “when the Doge roars.” doji community.
ADA risks being overtaken by not one, but two meme coins. Shiba Inu (SHIB) currently ranks 10th with a market capitalization of nearly $23 billion. if SHIB operations continue, it won’t be long before SHIB overtakes ADA. The DOGE community will also be wary that the best meme coin could soon lose its crown as the most valuable meme coin to SHIB.
Meme Coin Is Making a Statement
Meme Coin has been leading other altcoins in terms of recent revenue. This has seen several meme coins flipping ‘utility tokens’, which could offend the likes of Ripple. CEO Brad GarlinghouseThey do not believe that meme coins will have a place in the cryptocurrency ecosystem.
At the center of this meme coin season Solana-based meme coin. In particular, WIF Below the $1 mark It could go up to $2 within two weeks. As a result, it has risen in ranking (now 54th) and is just 4 places short of entering the top 50 cryptocurrency tokens by market capitalization.
Solana’s representative meme coin, Bonk, which also achieved success in its own right, entering the top 50 cryptocurrency tokens by market capitalization, ranking 49th. Miro is another meme coin that could soon join the ‘1 billion market capitalization’ club. Binance recently listed it on its futures platform, and it won’t be long before it is listed on spot trading.
ADA price at $0.717 | Source: ADAUSD on Tradingview.com
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