Ethereum vs XRP isn’t the only battle going on in the cryptocurrency markets. If technical indicators are to be believed Dogecoin, the cryptocurrency based on a meme and developed to increase awareness around cryptocurrencies, would likely surpass investors favourite – VeChain, by the next bull run.
Dogecoin experienced a large pump at the end of August 2018 and has been one of the best performing cryptocurrency in September 2018, giving investors close to 30% return in the month of Septemeber. Currently, Dogecoin has a market capitalization of $681 Million and sits at 20 positions.
Dogecoin Charts for September 2018. Source: Coinmarketcap
VeChain, on the other hand, has had some big partnerships but they haven’t affected the price. VeChain price has been in a slow downward trend in the month of September. VeChain pumped in the first week of Septemeber reaching a market capitalization $1.008 Billion but has fallen down to $729 Million since then. VeChain currently ranks at the 19th position.
VeChain Chart September 2018. Source: Coinmarketcap
Dogecoin’s daily average volume has started to increase in the past week. On 23rd September the DAV was $12 million, on 25th September it was $15 million and currently is at $18.33 million. An 8% increase is currently needed in Dogecoin’s value for it to surpass VeChain. Due to a strong bullish trend around Dogecoin, it is possible it will surpass VeChain.
Dogecoin is currently trading at $0.005844, while VeChain is currently trading at $0.013190.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
In the rapidly evolving landscape of web-native payments it has become clear that new infrastructures…
A New Era for Global Trade: Alibaba Taps JPMorgan's Blockchain Global commerce has long been…
The Promise of Web3 Meets a Centralized Reality Web3 was built on a revolutionary promise:…
Bitcoin's Sudden Plunge Shakes the Crypto Market The cryptocurrency market is awash in red after…
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…