Tron (TRX) Poised to Surpass Dogecoin (DOGE) in Market Cap Ranking

Tron (TRX) is on the verge of overtaking Dogecoin (DOGE) as the eighth-largest cryptocurrency by market capitalization. Despite both coins recording minor losses over the past 24 hours, their valuations are now neck-and-neck. According to CoinMarketCap, DOGE is trading at $0.1668, down 2.23%, giving it a market cap of $24.8 billion. Meanwhile, TRX is priced at $0.24, down 2%, with a market capitalization of $23.2 billion—just $1.6 billion short of surpassing Dogecoin.

Although TRX’s trading volume has dropped 11.7% to $430 million, DOGE’s has increased by 6.5% to over $752 million, reflecting stronger short-term interest in the meme coin. However, TRX could gain momentum due to recent developments in the Tron ecosystem. Notably, P2P.org, a major staking provider, has joined as a super representative validator, enhancing network security and decentralization. Additionally, Tron has seen increased traction for a potential ETF product. While filings for a TRX ETF are fewer than those for Solana or XRP, Tron founder Justin Sun remains optimistic about its future approval.

Investor sentiment around TRX remains largely positive. Recent data from IntoTheBlock reveals that 72.87 billion TRX, worth approximately $18.11 billion, are currently in profit, with no addresses recording losses. This level of profitability among holders could support a bullish outlook for TRX and potentially propel it past DOGE in the rankings if positive momentum continues. As market dynamics evolve, TRX’s strong fundamentals and growing ecosystem support its bid to climb further up the crypto leaderboard.