Dogecoin surged to a weekly high of nearly $0.46 after Bitcoin surpassed $100,000, marking a significant milestone. Currently priced around $0.4518, Dogecoin continues to exhibit impressive gains, up over 9% in one day. With a 30-day increase of 163%, it leads the meme coin sector, while Bitcoin remains just below its peak price.

Recently, Dogecoin experienced a remarkable surge, reaching a weekly high of nearly $0.46, coinciding with Bitcoin’s significant milestone of surpassing $100,000 for the first time. Despite a slight decline following this peak, Dogecoin remains the highest gainer among the top ten cryptocurrencies by market capitalization and continues to hold its position as the leading meme coin, according to data from CoinGecko. Currently, Dogecoin is valued at approximately $0.4518, reflecting a daily increase of over 9%, outpacing Bitcoin’s rise of 7% and Ethereum’s increase of 5%.

The price of Dogecoin has notably risen by 163% over the past month, particularly following the political developments related to Donald Trump’s election victory. In tandem, Bitcoin’s price fluctuated around $102,447, following its peak at $103,679, marking a 30-day gain of 49%. Other meme coins, such as Shiba Inu and Pepe, also experienced price appreciation, though not on the same scale as Dogecoin.

Dogecoin, initially created as a joke based on a popular internet meme featuring a Shiba Inu, has grown into a significant player in the cryptocurrency market. The recent surge in Dogecoin’s price reflects a broader trend observed in the cryptocurrency industry, driven primarily by the renewed interest in Bitcoin. Bitcoin’s achievement of crossing the $100,000 threshold is not only a milestone for Bitcoin itself but has also buoyed the prices of alternative cryptocurrencies, including prominent meme coins like Dogecoin. This phenomenon highlights the interconnected nature of cryptocurrency price movements.

In summary, Dogecoin has reached impressive heights in the wake of Bitcoin’s historic value milestone, positioning itself firmly as a leader in the meme coin sector. While it has experienced slight fluctuations, the overall trend indicates strong performance, particularly in the context of recent political events. The cryptocurrency market remains volatile, yet Dogecoin’s substantial gains reflect a solid investor interest shared across the market, reinforcing its status as a significant digital asset.

Original Source: decrypt.co

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