Dogecoin (DOGE) can overtake VeChain (VET) in terms of market capitalization

Ethereum vs XRP isn’t the only battle in the cryptocurrency markets. If the technical indicators are to be believed, Dogecoin, the meme-based cryptocurrency developed to raise awareness about cryptocurrencies, would likely beat investors’ favorite – VeChain – at the next bull run.

Dogecoin saw a huge surge in late August 2018 and was one of the best performing cryptocurrencies in September 2018. In September the investor achieved a return of almost 30%. Currently, Dogecoin has a market cap of $ 681 million and is in 20 positions.

Dogecoin Charts for September 2018. Source: Coinmarketcap

VeChain, on the other hand, had some large partnerships, but they didn’t affect the price. VeChain price was in a slow downtrend in September. VeChain hit a market cap of $ 1.008 billion in the first week of September but has since fallen to $ 729 million. VeChain is currently in 19th place.

VeChain Chart September 2018

VeChain Chart September 2018. Source: Coinmarketcap

The average daily volume of Dogecoin has increased over the past week. On September 23, the DAV was $ 12 million, on September 25, it was $ 15 million and is currently at $ 18.33 million. Currently, an 8% increase in the value of Dogecoin is required to outperform VeChain. Due to a strong uptrend in Dogecoin, it is possible that VeChain will be outperformed.

Dogecoin is currently trading at $ 0.005844 while VeChain is currently trading at $ 0.013190.

Disclaimer: Blockmanity is a news portal and does not provide financial advice. Blockmanity’s role is to educate the cryptocurrency and the blockchain community about what is going on in this area. Please do your own due diligence before making any investment. Blockmanity is not responsible for any loss of money.

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