From Nasdaq, Inc.:

Dogecoin is sitting in 10th place with a $11.32 billion valuation, trailing behind Avalanche’s $12.94 billion market cap by a $1.62 million gap. Last week saw a positive spike for Dogecoin, climbing 12% before pulling back. A comparison of Dogecoin and Avalanche’s technical indicators suggests a slowing momentum for Dogecoin and intensifying growth for Avalanche.

Dogecoin’s price movements have been fluctuating between $0.70 and $0.08, while Avalanche shows a bullish trend across all time frames. Avalanche’s On-Balance Volume (OBV) is on an incline at $396 million, indicating intensified buying activity and market confidence. In contrast, Dogecoin’s OBV remains unchanged, suggesting a pause in buying pressure.

Dogecoin may need to see a 16.15% gain to flip Avalanche’s market cap, which sits at $12.94 billion. Dogecoin’s trading price is currently at $0.078, while Avalanche is at $35. With Avalanche looking strong and gaining investor interest, Dogecoin has potential for growth based on some long-term indicators.

In clear terms, Avalanche is showing signs of growth and market confidence, while Dogecoin’s momentum appears to be slowing. There are some long-term indicators suggesting potential growth for Dogecoin, but it would need a significant rise in price to surpass Avalanche’s market cap. This information has been verified for accuracy from Benzinga.



Read more: Can Dogecoin Flip Avalanche And Retake The No. 9 Marketcap Spot Again? Here’s What The Technical Indicators Say