Dogecoin (DOGE), the leading meme cryptocurrency by market capitalization, reached a weekly peak of nearly $0.46 after Bitcoin surpassed the historic $100,000 threshold late Wednesday. Although DOGE has since experienced a minor retreat, it remains the top performer among the top 10 cryptocurrencies and the most trending meme coin in the top 100, according to CoinGecko.
Current Market Performance
As of writing, Dogecoin trades at $0.4518**, slightly below its Thursday high of $0.458. Despite this dip, DOGE boasts a 9% daily gain, outpacing Bitcoin's 7% and Ethereum's 5% increases. Over the past month, Dogecoin has surged 163%**, fueled by market optimism following recent geopolitical developments.
Bitcoin's Dominance and Market Impact
Bitcoin's rally continued after breaching $100K, peaking at **$103,679. It now hovers near $102,447, just shy of its all-time high, with a 30-day gain of 49%**. This milestone has catalyzed broader market momentum, benefiting altcoins like Dogecoin.
Meme Coin Momentum
Other popular meme coins also saw gains, though less pronounced than DOGE:
- Shiba Inu (SHIB): Up ~6% in 24 hours.
- Pepe (PEPE): Rose 7.5%.
👉 Track real-time Dogecoin price trends
Key Takeaways
- Dogecoin's Resilience: DOGE remains a standout performer despite market volatility.
- Bitcoin's Influence: BTC's $100K breakthrough has revitalized crypto markets.
- Meme Coin Rally: SHIB and PEPE follow DOGE's lead but with milder gains.
FAQ
Q: Why did Dogecoin surge after Bitcoin hit $100K?
A: Bitcoin's milestone boosted overall market sentiment, driving capital into high-potential altcoins like DOGE.
Q: Is Dogecoin a good investment now?
A: While DOGE shows strong momentum, always conduct independent research and assess risk tolerance.
Q: How does Dogecoin compare to other meme coins?
A: DOGE leads in market cap and liquidity, but SHIB and PEPE offer niche appeal.
👉 Explore meme coin trading strategies
Disclaimer: Cryptocurrency investments are volatile. Past performance doesn’t guarantee future results.
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