In the context of a global crypto market upswing, Dogecoin (DOGE) has shown significant achievements while Bitcoin's (BTC) growth has decelerated.
DOGE Price Records Highest Gains
In the last 24 hours, Dogecoin's price increased by 12.80%, and in the last 7 days, it rose by 36.86%, making it the biggest gainer among the top 10 cryptocurrencies. Currently, DOGE is trading at $0.2937.
BTC Price Slows Down
Meanwhile, the growth pace of BTC has noticeably slowed down. Bitcoin rose by only 0.87% in the last 24 hours and 4.73% over the week. Currently, BTC is trading at $115,990.89 while holding a dominant position in the market with a capitalization of $2.3 trillion.
Future Prospects for DOGE and Other Altcoins
DOGE's price and other cryptocurrencies are anticipated to surge in the future, particularly with support from possible U.S. Federal Reserve rate cuts. Predictions suggest that DOGE might experience a correction in the next 5 days, but it is expected to rebound with a 16.51% increase in the coming month. Thus, DOGE continues to lead the charge for altcoins.
Overall, the price dynamics of DOGE and other altcoins may change due to shifts in monetary policy, creating opportunities for investors in the crypto market.
