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**Dogecoin on Verge of Flipping Cardano**
The cryptocurrency market is witnessing a turbulent ride, with prices rising and falling in tandem with shifting sentiments. Notably, the anticipation preceding the announcement of a policy shift by the U.S. government caused a mild rally. However, the positive sentiment from the Digital Asset Summit held in New York seems to have waned.
Under these circumstances, Dogecoin (DOGE) is poised to potentially flip Cardano (ADA) from its current eighth spot in market capitalization rankings. The largest meme coin in crypto has been involved in a rivalry with Cardano since March.
A rebound in DOGE’s price could lead to a significant surge in market capitalization, eclipsing ADA’s current valuation of $25.08 billion. As of this writing, ADA has declined by 2.64% and is currently trading at $0.7072, with a concurrent decline in its trading volume of 24.39%. In the past 24 hours, ADA has seen a considerable drop in trading volume, with a 24.39% decrease to $831.95 million.
The fluctuations have presented an opportunity for DOGE to outmaneuver ADA and take the eighth spot.
Source: https://u.today/dogecoin-on-verge-of-flipping-cardano
