The cryptocurrency market experienced notable shifts last week, with Dogecoin leading the gains among the top 10 crypto assets. With a 22.3% increase, the meme coin surpassed Bitcoin and Ethereum.

Factors Driving Dogecoin's Growth

Dogecoin saw a significant price increase last week, gaining 22.3%, which allowed it to surpass major cryptocurrencies like Bitcoin and Ethereum.

Market Dynamics: Bitcoin & Ethereum

Bitcoin increased by 11.9% for the week, while Ethereum grew by 9.4%. These cryptocurrencies continue to hold their ground and attract investor interest amid Dogecoin's rise.

Overview of Other Assets

Other assets such as Solana and Avalanche also showed growth, albeit to a lesser extent: Solana increased by 8.4%, and Avalanche by 5.6%. Binance Coin recorded a 5.4% increase, XRP was up by 2.7%, and both Cardano and Toncoin saw a rise of 1.4%. TRON experienced a minimal increase of 0.3%.

Despite Dogecoin's significant rise, Bitcoin still dominates the market with a $1.35T capitalization. However, Dogecoin's dynamics highlight a shift in investor preferences and growing interest in alternative cryptocurrencies.