Dogecoin, the king of meme coins, is aiming to flip Tron in market capitalization, currently holding ninth place with a market cap of $25.16 billion.
Dogecoin Gaining Momentum Despite Price Dip
According to CoinMarketCap data, Dogecoin is approximately $324 million away from flipping Tron. Despite a recent price decline of 2.55%, Dogecoin shows momentum by flipping Cardano, which is now in tenth place.
Current Market Situation of Dogecoin and Tron
Currently, Dogecoin is trading at $0.1676 with a trading volume of $1.03 billion, indicating a pullback by investors. Meanwhile, Tron is facing bearish pressure, with its price dropping by 3.69% to $0.2690, which may favor Dogecoin in the race.
Could Bitcoin Trigger Flip for Dogecoin?
Support from DOGE whales and an increase in buying activity could help the meme coin reverse its bearish outlook. A rise in Bitcoin's price may also propel Dogecoin to potentially surpass Tron.
Dogecoin shows potential to flip Tron in market capitalization, despite recent price fluctuations and overall market volatility.
