Logo
Cardano Ecosystem

Elevenews

05/21/2021

·

951 views


XRP, Cardano Flips Dogecoin, Will Polkadot Too Join The Party!

The Dogecoin price rally was one of the most mesmerizing surge in the history of the cryptocurrencies. The asset rose nearly 1000% oflet until it hit the highs around $0.7 and slumped drastically during the BTC price crash. However, many other assets including Bitcoin recovered...

XRP, Cardano Flips Dogecoin, Will Polkadot Too Join The Party!

The Dogecoin price rally was one of the most mesmerizing surge in the history of the cryptocurrencies. The asset rose nearly 1000% oflet until it hit the highs around $0.7 and slumped drastically during the BTC price crash.

However, many other assets including Bitcoin recovered to a larger extent within hours of the crash, yet DOGE price appeared to struggle hard to retrieve above $0.4. Therefore, Cardano price and XRP price gained enough momentum and jumped above, leaving behind Dogecoin.

crypto ranks

Soon Elon Musk jumped in action and tried to uplift the sinking DOGE price and carried the price above $0.4. Nevertheless, it was again a short-lived one that tanked back below $0.4 in no time. And currently attempting hard to surpass these levels, yet gets rejected each time.

Conversely, Polkadot which had dipped drastically below $20, recovered massively and is on the verge to surpass $30 soon. Considering the recovery path, DOT price is expected to rise 2x from here and eventually flip dogecoin’s position. But if the Dogecoin price swells up, then the path to flip would be a little hard for polkadot.

$DOT you are next in line to flip $DOGE

Let’s make it happen

— Benjamin Cowen (@intocryptoverse) May 21, 2021

Collectively, the Polkadot price should gear up and regain the positions above $30 in order to head strongly towards its ATH at $49. On the other hand, DOGE price appears to have an interim impact with Elon musk’s mentions. Therefore, an extended DOT price may eventually flip Dogecoin in coming days.

Moreover, the parachain which are scheduled for a launch may give a major boost for the DOT price which may propell the price to new highs.

News Source

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Elevenews

ORIGINAL SOURCE

https://elevenews.com/2021/05/21/xrp-car...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Elevenews

See more
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS
Elevenews
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS

11/07/2023

·

763 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)