Dogecoin

bullish

Rare

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<p dir="ltr">The broader digital currency ecosystem is recovering as the combined crypto market cap&nbsp;<a href="https://coinmarketcap.com/">jumped</a> by more than 2.35% to $2.04 trillion. Besides Bitcoin (BTC) and Ethereum, among the major altcoin beneficiaries of this rally are XRP, Dogecoin (DOGE) and Tron (TRX). With their rebound from weekly lows, the trio exhibits a defined correlation.</p>
<h2 id="xrp-doge-and-trx-correlation">XRP, DOGE and TRX correlation</h2>
<p dir="ltr">According to current market data, XRP has jumped by more than 1.5% in 24 hours to $0.5375. This has helped XRP pare off its weekly losses, which have now been trimmed down to 2.4%.</p>
<p dir="ltr">Dogecoin (DOGE) maintained its weekly boost by 4.5% to $0.105. Tron (TRX) is not left behind, maintaining its rank as the 10th largest coin by a slim margin. It is up by more than 2% to $0.1542.</p>
<p dir="ltr">The three coins are all trading below the $1 mark and have seen an intense boost in their respective trading volumes. While the XRP volume is up 4% to $801,662,213, that of Dogecoin and Tron are up 1.13% and 0.66% to $487,396,864 and $258,341,684, respectively.</p>
<p dir="ltr">Each digital currency has a unique ecosystem powering its growth, making the bullish correlation even more unique.</p>
<h2 id="ecosystem-backing">Ecosystem backing</h2>
<p dir="ltr">While XRP plays an integral role in the Ripple and&nbsp;<a href="https://u.today/major-xrp-ledger-xrpl-amendment-about-to-go-live">XRP Ledger</a> ecosystems, Dogecoin has maintained a legacy as the first and dominant meme coin in the ecosystem. Both coins are top payment tokens widely accepted by different global merchants, with DOGE taking it further as&nbsp;<a href="https://u.today/dogecoin-doge-price-readies-for-next-big-move-as-elon-musk-mentions-meme-coin">Elon Musk’s favorite</a>.</p>
<p dir="ltr">Tron has a more diverse ecosystem with a major base for Tether (USDT). In recent times, Tron has outperformed Ethereum and other rivals in key metrics as it seeks to maintain its footing on the market.</p>
<p>With its new&nbsp;<a href="https://u.today/trons-justin-sun-and-meme-crypto-rapper-iggy-azalea-brainstorm-collaboration-ideas">meme coin pivot</a>, Tron is on track for the top five tokens list in the long run.</p>

XRP, DOGE and TRX Display Rare Bullish Correlation

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