The entire crypto-verse was seen on an uptrend. But Dogecoin [DOGE] was the star of the show. The asset has been time and again surging after an endorsement from SpaceX CEO Elon Musk. However, this time, WSB Chairman, a Twitter account was seen fueling the uptrend DOGE was on. The tweet read,
Previously, DOGE was seen rising after a viral TikTok video. This tweet seems to have pushed the price of the altcoin to a high of $0.077. DOGE, during the time of writing, was trading for $0.0588, with a 374% surge in the last 24-hours. This price change of the altcoin paved the way to an array of speculations that was directed at XRP. The community suggested that DOGE could soon flip XRP.
Dogecoin [DOGE] One-Day Price Chart On Binance
The bulls were still in the DOGE market. It seemed like DOGE could continue its hot streak. The trading volume of DOGE was quite high in the cryptocurrency exchange, Binance on the one-day chart of the coin. The Chaikin Money Flow indicator was leaning towards the bulls as the marker was way above zero. However, CMF marker was seen sluggishly walking down to zero. The Relative Strength Index indicator revealed that DOGE was being overbought. The MACD indicator also revealed a bullish notion as the MACD line took over the signal line. This was noted as a bullish crossover.
While $1 is a long way for the altcoin, the chances of DOGE flipping XRP isn’t too far off. This would only be possible if the altcoin continued its bullish trend.
Additionally, the market cap of the asset that started off as a meme, was seen surging into the top ten. At press time, DOGE was standing as the eleventh largest cryptocurrency with a market cap of $7.07 billion. The coin had surpassed prominent assets like Binance Coin [BNB], Bitcoin SV [BSV] as well as Monero [XMR] in terms of market cap.