Neither Solana nor Avalanche! According to Experts, This Altcoin Has Its Eyes on XRP's Throne!
Dogecoin (DOGE) currently has a market cap of $19.8 billion and is trading at $0.145, while Ripple's XRP is trading at $0.5 with a market cap of $27 billion. A legal expert has suggested that the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple could be concluded by the summer, potentially increasing the market value of XRP. On the other hand, some experts expect Dogecoin to exceed the market value of XRP this year, and seven reasons are listed for this. Here's how the market cap of the largest memecoin will exceed the market cap of the popular altcoin, according to experts.
#ElonMusk's approval and support of Dogecoin has significantly increased the credibility and visibility of memecoin. Musk's public support has led to historically significant price increases for #DOGE , which traded at $0.003 in April 2019 and rose 4,600 percent in five years.
In contrast, Ripple's XRP lacks an influential name like Musk, as is the case with Dogecoin, to raise its profile.
Tesla's decision to accept #DOGE when purchasing cars marks a significant milestone and has resulted in a 21 percent price increase for DOGE. Adoption by a major company demonstrates memecoin's growing utility and market acceptance.
On the other hand, it may take time for Ripple to establish effective partnerships, especially with foreign banks and governments, for #XRP .
Dogecoin's strong meme culture continues to grow in popularity, especially among tech-savvy investors. Memecoins, led by Dogecoin, have made significant gains. In contrast, XRP's more traditional financial image lacks the same cultural appeal, which could hinder short-term market momentum.
Dogecoin's ecosystem, supported by other successful memecoins such as Shiba Inu (SHIB) and Floki (FLOKI), demonstrates strong community support and collaboration. The creation of the MarketVector Meme Coin Index, which includes Dogecoin, demonstrates the importance of memecoin in the industry.
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