Dogecoin rallies, edging closer to Cardano's market cap
is gaining on Cardano , according to data provided by CoinGecko. The joke coin's market cap now sits just shy of Cardano's at approximately $10.4 billion.
Other top cryptocurrencies show mixed performance, with Ethereum holding steady at approximately $1,844, and Binance Coin and XRP recording slight drops. Meanwhile, Dogecoin seems to be bucking the trend, showing an increase of 2.9% over the past 24 hours, currently trading at $0.075. In contrast, Cardano has experienced a disappointing decrease of 2.3% over the past week, reducing its value to a modest $0.303
Dogecoin's surprising rally comes on the heels of Twitter's high-profile rebranding to 'X' under its new owner, Elon Musk. The rebranding was accompanied by Musk hinting at a future integration of Dogecoin payments on the platform, leading to a surge in investor interest and triggering a price spike.
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