According to ChainCatcher, Dogecoin has risen by 5.1% in the past 24 hours, reaching a price of $0.22, leading the altcoin market. This increase is mainly driven by the Dogecoin ETF proposal put forward by REX Shares.
Meanwhile, TRON is up 2.4% and XRP is up 2%, showing a positive trend in the overall market. The cryptocurrency market began to rebound after an "overreaction" following the release of unemployment data in the United States.
Vtrader founder Stephen Gregory stated that despite the recent market sell-off, the "altcoin season" may be brewing. With expectations of an interest rate cut in September exceeding 90% and active participation from retail investors, the bearish performance of the third quarter could bring interesting twists to the market by the end of the year.
