Dogecoin Price Prediction as DOGE Ranks Higher Than Cardano – Can DOGE Overtake XRP Next?
The Dogecoin price has risen by 3% today, reaching $0.1949 on a day when the cryptocurrency market as a whole gains by 1% in 24 hours.
This puts DOGE up by 7% in a week and by 14% in the last 30 days, with the meme token enjoying a nice 128% gain in a year.
Such performance has enabled Dogecoin to rank higher than Cardano (ADA) in terms of market cap, with the meme token now sitting at ninth overall.
It’s likely to continue rising as the wider market goes through more bullish phases this year, with the distant possibility of DOGE payments on X potentially sending it into orbit.
DOGE’s chart suggests that the coin is in the middle of an upswing, one which may continue for a day or two yet.
Having risen back above the 200-day average (blue) yesterday, the 30-day average (orange) not only continues to rise, but may rise further before running out of gas.
Likewise, DOGE’s relative strength index (purple) has recovered in the past day and, despite a stumble this morning, has picked up again.
This points to rising momentum, with DOGE’s 24-hour trading volume reaching $3 billion today.
This is up from $1.8 billion a few days ago, suggesting that buyers are returning to DOGE and taking the opportunity to buy it at a relative discount.
Indeed, data has shown a few large transfers off exchanges this week, meaning that we are in the middle of an accumulation period.
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