- Cardano surged 14.4% this week and 233% in a month, far outperforming DOGE’s 7% weekly growth and 116% monthly growth.
- ADA needs to reach $1.84 to surpass DOGE’s $64 billion market cap, with analysts forecasting further gains.
- Analysts predict ADA will reach between $6 and $10, driven by ecosystem growth and potential positive market events, such as ETF-related news.
Cardano (ADA) is riding a wave of bullish momentum, leaving Dogecoin (DOGE) in its wake. Over the past week, ADA has surged 14.4%, doubling DOGE’s 7% rise. Over broader periods, ADA’s performance is even more impressive: monthly growth of 233% compared to 116% for Dogecoin.
This surge in Cardano’s price brought its market capitalization to $45.8 billion, a significant increase that brings it closer to Dogecoin’s valuation of $64 billion. Famed ADA advocate Dan Gambardello predicted an imminent market cap reversal, saying ADA needs to reach $1.84 to overtake DOGE.
Is it time for Cardano Flip?
Dogecoin’s previous achievements include reversal Cardano and surpassing XRP and USDC to secure its position as the sixth largest cryptocurrency. However, DOGE has fallen from its November high of $0.47992 and is now trading at $0.4643. Meanwhile, ADA rose to $1.19, reflecting its growing adoption and robust ecosystem.
Gambardello’s prediction aligns with Cardano’s recent gains and potential catalysts. If ADA reached $1.84, its market cap would reach $64.63 billion, surpassing Dogecoin. However, he did not provide a specific timeline for this step.
Analysts remain optimistic about ADA’s future. Ali Martinez predicts a rise to $6, while Lark Davis suggests ADA could reach $10 this market cycle. These projections stem from Cardano’s potential exposure to positive market events, such as ETF-related news, which has recently boosted XRP.
Dogecoin’s market capitalization currently stands at $64 billion, which marks a decline from its $69 billion valuation in November. In contrast, Cardano’s market capitalization has grown significantly from $30 billion earlier this year to $41.81 billion. ADA is priced at $1.19, with projections suggesting a potential rise to $1.84 or higher. Notably, ADA’s 24-hour trading volume of $813 million exceeds Dogecoin’s $537 million, highlighting the growing activity and interest around ADA.
As Cardano closes the gap, its supporters, including Gambardello, believe ADA toppling DOGE is a matter of when, not if.