Источник Bitcoinist.com
Заголовок Here’s How Much The Dogecoin Price Will Be With The Market Cap Of Solana
Дата 20241115

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Here s How Much The Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Will Be With The Market Cap Of Solana

Here s How Much The Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Will Be With The Market Cap Of Solana

by Scott Matherson

3 minutes ago

in Altcoin News

0

Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin and Solana are two of the largest cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market cap and
are closely positioned within the top ranks of the market, with only BNB
separating them. Both cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта have seen their respective market caps
increase massively in the past 30 days.

At the time of writing, Solana has a market cap of $104 billion and is trading
at around $220. Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, on the other hand, is trading at $0.41 with a market
cap of $59.5 billion, meaning it has some catching up to do in order to
overtake Solana in market cap rankings.

How Much Will Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Be If It Reaches Solana s Market Cap?

Solana has witnessed an impressive 43% increase in its market cap over the
past 30 days in light of growing interest and positive market momentum.
However, this gain is overshadowed by DOGE s remarkable rally within the
same period. Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s price has more than doubled in the last four weeks,
surging by 250% as excitement around the meme coin is at its highest point in
a long time.

Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Rally Not Over Despite 10% Correction, Analyst
Says

As it stands, DOGE s market cap is about 0.57 of Solana s market
cap. However, recent market dynamics suggest that Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is on a trajectory
to continue closing this gap. After punching in the numbers, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s
price target to reach the current Solana market cap is around $0.7053. This
implies that for DOGE to secure its place as the fourth-largest crypto by
market cap, the meme coin would need an additional 76% price increase from its
current levels in the case Solana starts to consolidate at this point.
Interestingly, this would see the DOGE market cap overtaking that of BNB in
the process.

The prospect of Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin reaching the $0.70 level is now more feasible than
ever, particularly since this target is just slightly below DOGE s
all-time high of $0.7316, which the bulls are now targeting.

How Feasible Is The Race For DOGE?

Regardless of whether the Solana market cap consolidates or continues to
increase from here, the current market pace suggests Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is still going
to overtake Solana in market cap. This would not only be a notable milestone
for DOGE, but it would create a new price all-time high, and also a new
milestone for the meme coin community.

Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Breaks Legendary Pennant Pattern, Here’s The
Next Target

Speaking of all-time highs, DOGE is only about 79% from creating a new
all-time high. According to popular crypto analyst Ali Martinez, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is
now on its way to reach at least $2.40.

Supporting this outlook is data from on-chain analytics platform Santiment.
According to Santiment, meme coins are experiencing the highest levels of
activity and interest from market participants across the crypto landscape.
Furthermore, the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price rally has been driven by retail investors now
leaning into the meme coin as Bitcoin starts to get too pricey. DOGE Price
loses footing at $0.4 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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