The cryptocurrency market has been witnessing a heated competition between two prominent digital assets, XRP and Dogecoin (DOGE). Both have been vying for positions in the market capitalization rankings, with XRP currently holding the seventh spot and DOGE trailing closely behind.

XRP, which operates on the XRP Ledger, boasts a market capitalization of $26.62 billion. This decentralized blockchain has hosted over 1,000 projects, processed over 2.8 billion transactions, and supports over five million active wallets through a network of over 120 validators. In contrast, DOGE, initially created as a joke, has carved out a niche in the crypto community and currently ranks eighth with a market capitalization of $19.77 billion.

The difference in market capitalization between the two cryptocurrencies is significant, with XRP holding a lead of over $7 billion. However, given current market conditions, it may take a substantial price movement for DOGE to surpass XRP and claim the seventh spot.

The price movements of both XRP and DOGE will be closely monitored as the scenario unfolds. Will DOGE manage to overtake XRP, or will XRP maintain its lead in the crypto market rankings? The outcome will depend on various factors such as market sentiment, regulatory news, technological advancements, and macroeconomic conditions.

The crypto community is eagerly watching these developments to gauge the price trajectories of these digital assets. Currently, both XRP and DOGE are trading lower as cryptocurrencies fall approaching the weekend, with Bitcoin continuing its recent decline. At the time of writing, DOGE had fallen 4.14% in the previous 24 hours to $0.136, while XRP rose 0.02% in the last 24 hours to $0.479.