ADA, the native cryptocurrency of Cardano, has regained its position above Dogecoin (DOGE) in terms of market capitalisation following a brief flippening. This was triggered after Twitter made the unexpected move of replacing its iconic bird logo with the popular Doge meme. It caused a surge in interest in the digital asset sending Google searches for the meme cryptocurrency to sky rocket by nearly 2000%. This resulted in a massive increase in the price of DOGE momentarily pushing it above Cardano.

However, the rally eventually stalled leading to Cardano's ADA climbing back to its previous ranking. CoinGecko data reveals that ADA currently holds the 7th position with a market capitalisation of $13.87 billion and DOGE at 8th place with a market cap of $13.54 billion. It is also worth mentioning that Dogecoin has seen a huge slump from its all-time peak, currently being 86.59% down.

Although Dogecoin's momentary surge has excited its community, it remains uncertain whether the meme coin can hold on to its momentum in the long term. Compared to the rest of the coins in the top 10 the meme coin has little history and has seen similar surges and dips in the past. Further development of Dogecoin's infrastructure, technical advancements, and use cases could give the coin the push it needs to sustain such furious rallies.

It's too early to tell what will become of Dogecoin in the long run. However, crypto-enthusiasts have certainly been reminded not to underestimate the power of a meme.



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