Recent changes in the cryptocurrency market have led to significant growth in medium-cap tokens like Dogecoin, Solana, and ONDO.
Cryptocurrency Market and Derivatives
Bitcoin is trading near $94,000, maintaining its position after an energetic start to the week. Inflows into U.S. spot-based exchange-traded funds helped absorb profit-taking, and prices did not slip below $92,000. Attention has shifted to mid-cap tokens such as Dogecoin and Solana.
Growth of Dogecoin, Solana, and ONDO
Dogecoin increased by 3.3%, Solana added about 2.7%, while ONDO surged over 11% in the last session. Smaller tokens like STX, SUI, and GRT also printed double-digit gains. Analyst Ash Crypto remarked that the altcoin valuation is bouncing off the $835 billion support level, which may herald an upcoming altcoin season.
Market Outlook and Trends
Currently, the Altcoin Season Index stands at 15 out of 100, while Bitcoin commands 63.4% of total market worth. There is increasing institutional interest in non-Bitcoin products, such as Solana and Dogecoin, amid anticipation for ETF approvals. Analysts emphasize that consolidation within the $90,000 to $95,000 range may precede broader alt movements.
The growth of Dogecoin, Solana, and ONDO, along with positive economic factors, could indicate the beginning of a new cycle of interest in altcoins. Monitoring liquidity changes and institutional applications may assist investors in their decision-making.
