Dogecoin briefly overtook Ripple in market cap, and analysts predict further gains for Dogecoin. The rise in Dogecoin’s value is attributed to its popularity as a meme coin and the pro-crypto stance of President Trump. However, some on-chain metrics suggest that Dogecoin may experience a correction in the short term.
Analysts predict that Dogecoin’s bull run has not yet reached its peak and could experience substantial price jumps in the near future.