Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Dogecoin briefly upsets XRP in altcoin battle for dominance.
ALTCOIN NEWS

Dogecoin briefly upsets XRP in altcoin battle for dominance.

By Crypto FlexsNovember 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dogecoin briefly upsets XRP in altcoin battle for dominance.
Share
Facebook Twitter LinkedIn Pinterest Email
  • XRP and DOGE are mixed on the charts of cryptocurrencies with market capitalizations exceeding $30 billion.
  • Dogecoin’s dominance has been solidified as trading volumes surge across the market.
  • While on-chain indicators are all bullish, DOGE is still 74% above its all-time high.

Dogecoin (DOGE) continued its massive bull run in the days surrounding the US Presidential Election. With the price of Dogecoin crossing $0.20 for the first time since April 1, 2024, market observers were stunned by the massive trading volume of the largest proof-of-work (PoW) chain outside of Bitcoin (BTC).

Dogecoin Switches Chair to Ripple’s XRP

An unusual change in the global cryptocurrency rankings was highlighted by Dogecoin’s 25% rise on Wednesday. Dogecoin briefly surpassed Ripple (XRP) to take 7th place in terms of global market capitalization. Both popular altcoins have now soared to over $30 billion in market capitalization.

Shortly after achieving this milestone, cryptocurrency’s biggest dog coin rallied around 25% of its gains, losing $2 billion in market capitalization. So far, Dogecoin’s price has remained above the $0.19 support level, despite a 4% market correction on Thursday. Meanwhile, Ripple soared to $0.569, but was refused trading below $0.55 in the intraday adjustment.

Dogecoin’s PoW, which recorded over $13 billion in 24-hour spot trading volume on Wednesday, remains one of the most active chains behind Bitcoin and Ethereum (ETH). As the flagship digital asset Bitcoin (BTC) hit a new all-time high of $76,000, the price of Dogecoin showed a price correlation of 0.93.

DOGE’s popularity in the derivatives market helped the dog meme coin reach $9 billion in 24-hour trading volume. According to CoinGlass, the OI-weighted funding ratio reached a half-year high of 0.0241%, and open interest (OI), which reflects outstanding plays, hit $1.63 billion.

A new peak for Dogecoin is just around the corner.

Popular cryptocurrency analysts like seasoned trader Peter Brandt expect Dogecoin’s comeback to bear fruit with a new all-time high as the massive channel breakout ended a multi-year downward trend for the top dog altcoin. The long-term success of large altcoins largely depends on the usage of the chain, which proves that DOGE has grown beyond meme coin status.

Based on data from IntoTheBlock, all four major on-chain signals are bullish for DOGE.

With its gradually expanding network and renewed interest from large cryptocurrency investors known as whales, Dogecoin’s bullish momentum is backed by more than just social hype. Dogecoin’s price is still 74% off its all-time high of $0.7316 three years ago.

On the flip side

  • Real-time statistics from the derivatives market show that there is an issue with the liquidation of altcoin leveraged positions.
  • Amid the 25% rally, long Dogecoin holders spent $11.7 million of the $17.11 million total liquidation.

Why This Matters

Dogecoin has witnessed growing public awareness due to favorable events in the US political scene and increased adoption as a means of payment.

Discover popular cryptocurrency news on DailyCoin:

How Donald Trump’s Victory Paves the Way for the XRP ETF
Why Solana Surges After Trump’s Shocking Victory

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Ethereum Whale Accumulation Continues Despite Selling Pressure, Will ETH Price Recover Soon?

July 25, 2024

Best Cryptocurrencies to Buy Now November 28 – Celestia, Solana, ORDI

November 28, 2023

Etherscan user targeted by major phishing campaign via on-site advertising

April 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.