Dogecoin Price: A Lagging Indicator?
For years Dogecoin (DOGE) has been one of the most popular meme coins, but it has lagged behind its competitors when it comes to price. There are many reasons why these coins can be sustained, and the same case can be said for COIN, despite it yet to make its presence felt among the global cryptocurrency community, which already does not include big boys such as XRP, DTX Exchange, and DOGE. Traders are expecting a DOGE price 100x listing gain and the price of the token has to catch up fast.
XRP: The Established Player
On the other hand, XRP is a market pro. XRP is a very forceful coin with a market capitalization of over $30 billion. Also, XRP has been developed by Ripple for cross-border payments and enjoyed heightened acceptance from financial institutions. XRP’s price will benefit from it if traders expect 100x listing gains.
DTX Exchange: The Viral Sensation
Due to its fresh new approach to decentralized trading, DTX Exchange is fairly new to the cryptocurrency market but has attracted much attention. The strength of the development team and the growing community has made DTX Exchange a viral sensation to traders. DTX Exchange’s price will skyrocket because traders are anticipating 100x listing gains.
Comparison: DOGE vs XRP vs DTX Exchange
The cryptocurrency market is crowded and changing all the time. In this article, we will explore the world of three favorite Cryptocurrencies: DOGE, XRP, and DTX Exchange. What ties all these three cryptography-related cryptocurrencies to each other? To know further let us find out some key metrics.
XRP Takes the Lead in Market Capitalization
Of them all, market capitalization is one of the largest differences in DOGE, XRP, and DTX Exchange. With a market capitalization of over $30 billion, XRP is more than 100 times the market value of DOGE and almost half the market share of DTX Exchange. DTX Exchange’s market capitalization is somewhere near $100 million, while DOGE is valued at approximately $1 billion.
Trading Volume: XRP Dominates
Unlike DOGE, XRP might not be used (on social media) as much as a medium of exchange but is a force to reckon with when it comes to trading volume. The trading volume of XRP is way higher than both DOGE and DTX Exchange, and the 24-hour trading volume is more than $2 billion. The trading volume on the DTX Exchange is $10 million, while DOGE’s is around $100 million.
DTX Exchange wins the Price Volatility Cake
DTX Exchange wins the prize for having the highest volatility when it comes to the price volatility of Cryptocurrency. The prices of DOGE and XRP remain relatively constant with that of the former being relatively constant, whereas the place of DTX Exchange undergoes high volatility. Such may be due to its small market cap and small trading volume.
Why Does DTX Exchange's Volatility Might Be a Good Thing?
High price volatility can be a drawback to some investors whereas it can be a rewarding opportunity to others. The volatility in the DTX Exchange might be a sign of its potential, as people who are investing and trading will likely take note of its innovative features and its strong development team.
XRP Dominance Is Why It May Not Last Forever
There is reason to doubt that XRP’s dominance in terms of market capitalization and trading volume is sustainable. With the ever-changing cryptocurrency market, new players such as DTX Exchange are foremost to take up the mantle and challenge the status quo. DTX Exchange’s innovative features, and strong development team, and its innovative features can be the dark horse to XRP’s dominance.
Why DOGE Remains a Popular Choice?
Although XRP dominates both in terms of market capitalization and trading volume, DOGE is a cryptocurrency that is popular with cryptocurrency enthusiasts. Thanks to its strong community and innovative tokenomics, it has remained so and its relatively low price makes it attractive for new investors.
It is the nature of the cryptocurrency market to be unpredictable, and this year has not been any different.” Investors are spoilt between choices; they can invest in the new altcoins or the resurging established players. In this article, we’re going to put on our trilamellar, visored glasses and take a look deep into the world of a stealthy altcoin, which supposedly has the power to become greater than Solana (SOL) by the month’s end.
The Rise of the Underdog
As is customary with most altcoins, the altcoin in question is trading currently way below its current price, which is $0.16. However, this altcoin has been growing in worth amongst investors and fans with regards to its relatively low worth. Because of its unique features and because of its increased development team as well as an increasingly expanding community, it has been rapidly growing.
Solana Price: A Benchmark for Success
Currently, Sol (SOL) is one of the top-performing cryptocurrencies with a market capitalization of over $ 10 billion. However, the price of it has been on a tear, and several analysts continue to predict further growth. Nevertheless, our analysis indicates that the stealthy altcoin could hit Solana’s price within just 30 days.
Why Does This Altcoin Have the Potential to Surpass Solana?
There are unique features associated with this altcoin, among which; this altcoin has a unique consensus album and a robust smart contract platform. The growing community of users and developers has been attracted by these features.
This altcoin has a strong development team, and the development team behind this altcoin is experienced and well-funded. Investors have a clear roadmap as to what is going to be developed in the future of the project.
Among the organizations that make it a requirement, the community that supports this altcoin is growing quickly and lots more people including fans and investors take to users’ social media platforms to express their love. The altcoin’s visibility and possibly demand have been boosted by this growing community.
However, our analysis suggests that this altcoin can easily overtake Solana’s price in mere 30 days, however, several things can stop that from taking place. The following are a few roadblocks:
- Cryptocurrency market volatility is a well-known fact and the price can change quickly. The price of this altcoin can be affected negatively if the market takes a dip.
- SOL being an established player in the cryptocurrency market, there is competition from established players. This altcoin may have a hard time overtaking Solana’s price in the future as the latter keeps innovating and developing its platform.
- Regulatory uncertainty is a major concern for the cryptocurrency market as it is, including for this altcoin. This altcoin's price would take a hit if regulatory bodies take action against cryptocurrencies.
Even though this stealthy altcoin could surpass the Solana price in just 30 days, several factors could stop it from happening. When investing in any cryptocurrency, investors should take proper caution and carry out their research.
Indeed, right now is a very exciting time to be looking at the cryptocurrency market as it matures, and to imagine what new and innovative projects might come of it. As with all other cryptocurrencies, there is a possibility that this altcoin could overtake the price of Solana, but who knows, cryptocurrency is full of surprises.
Though belonging to XRP in terms of market capitalization and trading volume, DTX Exchange gives much room for volatility doubtless that sooner or later it will conquer and take XRP’s place. Despite the shaky week, DOGE is still a favorite amongst crypto enthusiasts, and its solid community, as well as innovative tokenomics, will likely encourage many more to invest in the future. As the cryptocurrency market keeps growing, it’s safe to say the relation of the DOGE, XRP, and DTX Exchange will be one to watch.
