XRP’s meteoric rise in the first week of November elevated its market capitalization from around $30 billion to an impressive $135 billion. This surge momentarily overtook Tether, securing XRP’s position as the third-largest cryptocurrency by market cap after Bitcoin and Ethereum. While Tether has regained its position, XRP has successfully maintained its $100 billion threshold. Following in XRP’s footsteps, two other cryptocurrencies are now poised for explosive growth, potentially joining the $100 billion market cap “elite club.”

Dogecoin (DOGE): A Rally on the Horizon

Dogecoin’s recent price surge has caught the attention of the crypto market. Over the past 30 days, DOGE experienced an astounding 350% price increase, pushing its value from below $0.10 to above $0.45. The token’s trading volume surged by 1000%, signaling increased investor interest and a strong market presence. This surge helped propel Dogecoin’s market capitalization from under $1 billion to an impressive $68.78 billion.

Currently, DOGE’s price appears to be in a consolidation phase, hovering within a narrow range while maintaining the gains it achieved in the past month. However, with the overall crypto market nearing a breakout, DOGE could be on the verge of another significant rally. The price could soon break through resistance and continue its upward trajectory, potentially pushing its market cap above $100 billion.

Technical indicators support this bullish outlook. The MACD suggests that the consolidation phase will persist, while the RSI shows signs of a bullish divergence. As soon as Bitcoin moves out of its current consolidation, DOGE could follow suit, potentially achieving its next major milestone: a market cap of $100 billion. If the bullish trend continues, Dogecoin may even hit the $1 price mark, a psychological threshold that would mark a new level of achievement for the cryptocurrency.

Cardano (ADA): A Strong Contender for $100 Billion

Cardano has long been one of the more intriguing cryptocurrencies in the market. Despite initial skepticism, the token has experienced impressive price movements. Following its peak above $3 in August 2021, ADA underwent a significant bear market while other cryptocurrencies were still rallying. However, Cardano’s price action suggests that it could be primed for another major breakout similar to what happened during the 2020-2021 bull market.

The monthly chart for ADA shows a familiar pattern: after a notable price rise, it entered a consolidation phase. This pattern mirrors what happened in Q4 2020, which was followed by a massive rally that saw ADA’s price surge over 1700%. Currently, the super trend indicator has turned bullish, and the RSI has moved into the overbought zone for the first time since the last bull run. Although the volume has dropped somewhat, ADA’s price action and market behavior suggest that it could be on the verge of a strong bullish run.

If this pattern plays out as expected, ADA could experience another significant price increase. This move could help the third-generation blockchain platform reach a market capitalization of $100 billion, pushing its price closer to $10. Cardano has already demonstrated resilience, and with its innovative platform and growing adoption, it’s one of the most likely candidates to join the $100 billion market cap club.

Conclusion: The $100 Billion Club Is Within Reach

Both Dogecoin and Cardano are well-positioned to join the ranks of cryptocurrencies with a market cap of $100 billion. DOGE, with its massive surge and continued consolidation, is on the brink of a major rally that could propel it to new heights. Meanwhile, Cardano, with its history of explosive growth and the current bullish patterns, is primed for a breakout that could see its price soar again.

XRP’s success has set a strong precedent, and these two tokens, ADA and DOGE, appear ready to follow in its footsteps. As the crypto market continues to evolve and mature, the next few months could prove pivotal for these cryptocurrencies as they aim to solidify their place in the $100 billion market cap club.