Tron (TRX) has dethroned Dogecoin (DOGE) to become the eighth largest crypto due to a shift inspired by the massive volatility in the crypto market over the last month. Currently, Tron holds a market cap of $26 billion compared to Dogecoin, which has seen its market cap drop to $25.5 billion.
Binance Coin (BNB) is, however, starting to send some bullish signals. On one of his predictions, LordOfAlts has suggested that BNB will look to rally into the $800 level as long as it can maintain its present support trendline.
Tron (TRX) Becomes Eighth Biggest Cryptocurrency After Flipping Dogecoin
In the aftermath of the volatility the crypto market has witnessed over the past month, Tron (TRX) has surpassed Dogecoin (DOGE) as the eighth-largest crypto. Because of this volatility, the price of Dogecoin (DOGE) has fallen by more than 25%.
With the sting of volatility, DOGE lost a good chunk of its market cap, which slipped to a $25.5 billion market cap after reaching a monthly peak of $37.5 billion, according to CoinMarketCap.
Tron, on the other hand, performed better. Its market cap increased to a high of about $28 billion after experiencing a slight correction to rest at the $26B level, per CoinMarketCap.
Glassnode data shows that over 14 billion TRX tokens are held in the current Tron coin price range of $0.26-$0.27.
This area of strong support may give the Tron price the needed boost to extend its upward trend. The pseudonymous analyst, CryptoPatel, has stated that the TRX coin has retested a support zone perfectly and managed to hold its bullish structure above $0.21.
Per CryptoPatel’s analysis, Tron should continue rising on an ascending trendline deep into 2026. His final target for Tron by the end of this bull cycle is $2.20. While this represents a massive increase, the recent IPO moves from Tron have opened up the doors for massive institutional use and price growth.
Binance Coin (BNB) Holds Bullish Pattern, Could Rally To $800
As a result of the market volatility, the price of Binance Coin (BNB) faced a resistance at $700 and dropped to the $640 range. While the decline caused some investors to sell, the analyst LordOfAlts on X shared that BNB is still holding strong.
The brief drop below the ascending trendline was just a fakeout, a move BNB has pulled several times in the past. According to the Binance Coin price chart shared by LordOfAlts, the altcoin followed the last two fakeouts with price increases of +41% and +19.5%.
The BNB price is in the process of climbing back above the ascending trendline. The Binance Coin price is currently working to reclaim above the ascending trendline.
As this trend is likely to repeat itself, the analyst anticipates that BNB price will rise by up to 31.43% this time. If this happens, the price of BNB will jump back to $843 for the first time ever.
Closing Thoughts
The recent flip-over on Dogecoin proves that the steady development, smart partnership, and rising real-world applications of TRON are proving fruitful. Also, if BNB manages to hold its critical support over the next week, a new ATH of $840 would be feasible.
