๐ถ$DOGE ๐
๐ #Dogecoin Surges 5.1% on ETF Optimism.
Dogecoin is making waves again, jumping 5.1% to $0.22 in just 24 hours! The surge comes after REX Shares proposed a Dogecoin ETF, fueling investor excitement and making DOGE the top gainer among major altcoins.
๐ Outperforming the Altcoin Market
While Dogecoin leads the pack, other altcoins also saw gains:
Tron (TRX): +2.4%
XRP: +2%
Analysts suggest that these rallies may be the start of an altcoin season, driven by growing expectations of a September Fed rate cut and renewed retail activity.
๐ก Market Insight
Stephen Gregory, founder of Vtrader, notes that recent dips in Q3 may be setting up a stronger year-end rebound. ETF optimism and macroeconomic factors are combining to give Dogecoin and other altcoins a boost in market sentiment.
๐ Dogecoin continues to prove itโs more than just a memeโitโs leading altcoins into a potential new bullish phase. Keep an eye on DOGE as the market reacts to ETF developments and broader altcoin momentum!
