#BTCBreaksATH Analysis: DOGE rises strongly as the memecoin market reactivates.✨✨✨✨✨✨✨✨
$DOGE 💥💥💥🟠🛸
#ShariaEarn The price of Dogecoin experiences a notable rebound, driven by the new all-time high of Bitcoin. At the time of writing, DOGE is trading at $0.183, with a daily gain of 5.6%, a weekly gain of 7.9%, although it still shows a monthly loss of 4.1%.
Analysts maintain an optimistic outlook regarding the current momentum of DOGE.
What is driving the price of DOGE?.
There are several news items explaining DOGE's gains. One of the most notable is the development of a new stablecoin called USDoge, driven by the DogeOS organization. This coin will be directly backed by Dogecoin, allowing users to use their DOGE as collateral to generate digital dollars. This significantly expands the possibilities for using this popular memecoin.
On the other hand, the memecoin market has received a strong boost following Bitcoin's recent all-time high. Today, BTC touched $113,000 and is currently holding at that level, which continues to be a favorable factor for altcoins.
Additionally, the weakness of the US dollar has strengthened demand for alternative assets such as cryptocurrencies, creating a conducive environment for rises like that of DOGE.
Another relevant factor was the SEC's publication of new guidelines aimed at standardizing the presentation of cryptocurrency-related ETFs. This initiative seeks to expedite the approval of financial products linked to assets like Bitcoin, Solana, XRP, and even memecoins. According to analysts, this standardization could accelerate the arrival of new crypto ETFs in the coming months.