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DOGE May Flip ADA in Terms of Market Cap in the Coming Weeks

Published 02/05/2023, 04:16 AM
Updated 02/05/2023, 04:30 AM
DOGE May Flip ADA in Terms of Market Cap in the Coming Weeks
ADA/USD
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DOGE/USD
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  • DOGE has printed a 24-hour gain while ADA’s price is slightly down during the same time period.
  • The gap in market cap between ADA and DOGE has been narrowed to $1.2 billion.
  • Technical indicators suggest that DOGE will continue to strengthen against ADA.

The majority of crypto prices have risen over the last 24 hours according to CoinMarketCap. Looking at the prices of Cardano (ADA) and Dogecoin (DOGE), ADA’s price is slightly down over the last 24 hours while DOGE’s price has risen 1.92% during the same time period.

Both ADA and DOGE are up over the last 7 days. At press time, ADA’s weekly price performance stands at 3.94%. Meanwhile, DOGE’s price has risen 7.82% in the last week.

The respective price increases of DOGE and ADA over the last 24 hours and 7 days has seen DOGE’s market cap rise to $12,640 billion, while ADA’s market cap stands at $13,863 billion. With the difference in market estimated to be around $1.2 billion, DOGE may be able to flip ADA in terms of market cap in the coming weeks.

Daily chart for DOGE/ADA (Source: TradingView)

Looking at the daily chart for DOGE/ADA, DOGE has been attempting to make a move on ADA for …

The post DOGE May Flip ADA in Terms of Market Cap in the Coming Weeks appeared first on Coin Edition.

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