As Bitcoin climbs above $68,000, altcoins like Dogecoin and SHIB show significant increases. This article discusses expectations for price levels amid ongoing growth.

Dogecoin (DOGE) and Its Impressive Rise

It was previously discussed that Dogecoin could achieve significant gains if closing prices exceed $0.105. DOGE has indeed surpassed this level and is now above $0.13. The impressive rises in assets like Dogecoin reflect the potential for further increases across the altcoin market. Major altcoins achieving double-digit percentages could undermine BTC’s market dominance and revitalize demand for smaller altcoins.

Overall Cryptocurrency Status

Demand remains strong for major altcoins. BTC is back above $68,000, and the recent higher low supports overall market optimism. The market volume in the past 24 hours exceeds $75 billion, with BTC dominance staying below 60%. BTC has maintained gains after a 10% increase this week. This week, ENA, MEW, and MOG saw gains of over 30%. HNT and MKR were among the week’s losers, experiencing double-digit declines and increasing losses in the past 24 hours.

Meme Coins Analysis

Although the number of alternatives in the meme coin sector is growing, only a small fraction of thousands will survive a year from now. This situation prompts risk-seeking individuals looking to profit from meme coin surges to favor established assets like DOGE for long-term investments. Historical data suggests that meme coins, which often see parabolic rises during bull markets, could facilitate another significant rally for DOGE. Current charts indicate that closing prices above $0.1319 may target the resistance at $0.1527.

Dogecoin's recovery amid Bitcoin's rise demonstrates potential for substantial improvements in the altcoin segment. As BTC maintains its position, this also opens up opportunities for the growth of other major and minor coins.