The current situation in the cryptocurrency space indicates that Tron may soon surpass Dogecoin in market capitalization amid the latter's price volatility.
Dogecoin's Price Decline
According to CoinMarketCap data, Dogecoin is currently priced at $0.2159, down 1.04% in the last 24 hours. The meme cryptocurrency peaked at $0.2196 before entering a correction, with a 2.07% decrease over the past week.
Narrowing Market Capitalization Gap
Currently, Dogecoin's market capitalization stands at $32.53 billion, just $0.58 billion ahead of Tron's $31.95 billion. This sets the stage for Tron possibly outperforming Dogecoin in the future.
Tron Network Strength and Trader Activity
Recent activities by Tron whales indicate market engagement, with significant transactions of $6.95 billion taking place. The blockchain's low fees and high speed enhance its appeal to users across various exchanges.
The cryptocurrency market continues to evolve, and Dogecoin's future hinges on its ability to rebound. Otherwise, Tron may take the eighth spot among crypto assets.
