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Will XRP be easily superseded by Dogecoin (DOGE)?

With its enormous price run and social media sentiment, Dogecoin (DOGE), the crypto ecosystem’s largest meme coin, has taken center stage today. With Twitter updating its logo to include Dogecoin on its homepage, the digital currency has gained 26.38% in the last 24 hours and more than 36.54% in the last seven days.

Based on its current expansion, Dogecoin has a market value of $13.72 billion, putting it ahead of Cardano (ADA) regarding market ranking. While Cardano’s growth has been positive in the last week, the DOGE advantage has caused it to fall in rank.

Dogecoin may have surpassed Cardano, and XRP is the next major asset to be displaced. The sixth largest digital currency, XRP, will not be easily supplanted. Despite its current problems, XRP's market value is somewhat higher than $25.88 billion, leaving Dogecoin with a much larger deficit than $10 billion. While nothing looks to be impossible in crypto, conquering XRP appears to be a pretty challenging goal for Dogecoin at the moment. To break this record, the meme coin must continue on its upward trajectory, while XRP may face a major sell-off, with the only plausible cause being a documented loss for Ripple against the SEC. Regardless of the potential, neither of these occurrences is likely to occur this week.

Source: CoinMarketCap

The question now is whether the current momentum can be maintained. Dogecoin is a volatile meme coin with a long history of dramatic price rises and collapses. It is common knowledge that the Dogecoin price rarely increases and last more than a few hours or days.

Dogecoin has lagged behind top rivals like Shiba Inu in terms of price increase over the last several weeks, and with the present momentum, it remains to be seen what further the digital currency has in store.

Dogecoin may have surpassed Cardano, and XRP is the next major asset to be displaced. XRP will not be easily supplanted. Despite its current problems, XRP’s market value is somewhat higher than $25.88 billion, leaving Dogecoin with a much larger deficit than $10 billion.

While nothing looks to be impossible in crypto, conquering XRP appears to be a pretty challenging goal for Dogecoin at the moment. To break this record, the meme coin must continue on its upward trajectory, while XRP may face a major sell-off, with the only plausible cause being a documented loss for Ripple against the SEC. Regardless of the potential, neither of these occurrences is likely to occur this week.

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