Tron Eyes Dogecoin as Market Cap Gap Shrinks to $580M

Tron (TRX) is closing in on Dogecoin (DOGE) in market capitalization, narrowing the gap to just $580 million, according to CoinMarketCap. As of the latest data, Tron holds the ninth spot with a market cap of $25.64 billion, while Dogecoin remains eighth at $26.22 billion.

Despite bearish market conditions, Tron shows resilience. TRX is trading at $0.2703, marking a 2.12% dip in the last 24 hours. Trading volume also declined sharply by 25.12%, falling to $799.15 million. Still, investor sentiment remains optimistic, driven by Tron's growing dominance in the stablecoin sector.

Tron currently controls about 99.25% of USDT volume across its network, surpassing Ethereum in DeFi efficiency. This has positioned Tron as a leader in on-chain transaction value and utility. As Dogecoin struggles with a steeper sell-off, analysts believe TRX could surpass DOGE in rankings if the bullish momentum continues.

Adding to the optimism, a recent ecosystem analysis revealed that 98% of TRX addresses are in profit—a strong indicator of holder confidence. If Tron can maintain upward price pressure and break the $0.30 resistance level, it could rally toward its all-time high of $0.4407, which is less than 39% away.

Tron already flipped Cardano in May and could repeat that performance by overtaking Dogecoin. With strong fundamentals, stablecoin dominance, and high address profitability, TRX is well-positioned for a potential breakout that could reshape the top crypto rankings. Investors are watching closely to see if Tron can ride this wave to the eighth spot and beyond.