2 Cryptos Set to Enter the $100B ‘Elite Club’ After XRP
The price of XRP marked a milestone surge that broke out in the first week of November and boosted its market capitalization from about $30 billion to as much as $135 billion. The move also temporarily surpassed Tether’s market capitalization, becoming the third largest token after Bitcoin and Ethereum. Currently, the top stablecoins have returned to their original levels, but Ripple price Maintaining its $100B mark. Similar to this token, two other tokens are also poised to enter the elite club as the tokens are on the verge of a massive explosion.
Dogecoin (DOGE)
this Dogecoin Price There has been a significant increase over the past 30 days, taking the price levels from consolidation levels below $0.1 to levels above $0.45. Its value increased by 350% and trading volume increased by 1000%, indicating that bulls have entered the market. The move also increased the token’s market capitalization from less than $1 billion to a whopping $68.78 billion. However, the coin is still on the verge of a major explosion, so an upcoming rally could push the coin into the elite $100B club.
As the chart above shows, DOGE price is about to experience a similar rise that it has experienced over the past 30 days. Meanwhile, trading volume shrank, forcing prices to hover within a tight range while maintaining gains. Shortly after BTC price emerged from consolidation, DOGE price is expected to break above the resistance of the ascending parallel channel. Additionally, MACD suggests that the current consolidation will continue, while bullish divergence in the RSI offers some hope.
Therefore, the price is expected to rise and consolidate along the moving average until the market breaks out. The upcoming move may not only make Dogecoin a $100B asset, but also help its price reach the $1 milestone.
Cardano (ADA)
Cardano has been obsessed with its price rise and people are predicting the coin’s demise. After pulling back from the highs following the 2018 bull run, the price consolidated and sparked a massive bull run in the first quarter of 2021, well ahead of other coins on the market. Interestingly, the coin peaked above $3 in August 2021, and a massive bear market ensued long before the market was triggered. Currently, the price is repeating the previous pattern and if the same results occur then ADA price It could rise to closer to double digits.
Cardano’s monthly chart suggests that the coin is resuming its previous pattern. Prices are stuck in a range after a sharp rise, similar to the Q4 2020 breakout that sparked a rally of more than 1,700%. After January 2021, the super trend turned bullish again, and the RSI also rose to the overbought zone for the first time since the last bull market. However, declining volume could be a concern; if ADA price can hold support, the coin could validate a strong bull run.
The move could push the market cap of third-generation coin Cardano to $100B, pushing the price closer to $10.
