The cryptocurrency market has witnessed a major transformation over the past couple of days. Assets like Dogecoin (DOGE) and Ripple’s XRP were shining throughout the month. XRP managed to rise and has emerged as the third-largest cryptocurrency. While the altcoin has pushed several assets to take over this spot, Dogecoin could be following in the footsteps of XRP.
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Dogecoin Vs. Ethereum
The Dogecoin has surged by over 160% throughout the past month. The OG meme coin went from trading at a low of $0.14 all the way to a high of $0.4775. At press time, DOGE was trading at $0.4079 after dropping by more than 3% over the past 24 hours.
As seen in the image, Ethereum has also recorded a fairly good rise. The largest altcoin has surged by 42% over the last 30 days. At the time of writing, ETH was trading at $3,581.06. But the asset saw a downtrend of 2.69% over the past 24 hours.
In addition, the market cap of Ethereum is currently at $430 billion making it the second-largest cryptocurrency in the market. With a significant disparity, the market value of DOGE sits at $59 billion. DOGE is the seventh-largest cryptocurrency in the market at the moment.
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A Potential Change In Dynamics
Amidst this, an analyst shared a rather shocking prediction with the community. According to Trader Tardigrade, Dogecoin is all set to “outperform” Ethereum. The analyst believes that this could occur in the next couple of months. Elaborating on the same, the expert wrote,
“Dogecoin could outperform Ethereum in the coming months November monthly candle in the $DOGE/$ETH pair chart shows a strong Bullish Breakout of a Trendline”
Also Read: Dogecoin: $1000 Worth Of DOGE Becomes $5 Million Today
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