Dogecoin Emerges as Weekend Market Leader
In the last 24 hours, Dogecoin rose 5.1% and is now worth $0.22. This happened after Bitcoin didn’t do much last week. DOGE is now the leader of the major altcoins.
Traders said that retail interest was back and that there was speculation about ETFs. Dogecoin’s performance is different from Bitcoin’s more stable momentum. The excitement around meme coins is once again drawing attention to the crypto market as a whole.
XRP Joins Altcoin Market Rebound
Over the weekend, XRP went up by 2%. The token stayed above $2.80, showing strength even though there were still debates about regulations and ETF approvals. Traders were happy with the rise.
XRP is still behind Bitcoin and Ethereum in terms of gains this year. But hope is still linked to institutional adoption. If an ETF gets approved, it could bring in more money.
Tron Benefits From Justin Sun Headlines
Tron went up 2.4% after more talk about Justin Sun. World Liberty Financial, a DeFi project linked to Trump, put his wallet on a blacklist. The move got a lot of attention.
Analysts said that what Sun did helped Tron get more degens. Headlines about his WLFI token testing helped prices keep going up over the weekend. Tron is still a hot topic among traders.
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Solana Extends Momentum With 2 Percent Rise
As buying pressure came back, Solana rose 2.38%. Whale accumulation and institutional inflows continue to support SOL, which makes bullish sentiment stronger. Technical traders are still keeping an eye on important resistance levels.
The way Solana has held up is similar to how fractals have worked in the past. If momentum keeps up, analysts say the token could go up even more. September is going to be a big test.
ETF Speculation Boosts Market Confidence
The rise of Dogecoin happened at the same time as ETF speculation. REX Shares said they would make a Dogecoin ETF, which got traders excited. The news made people even more hopeful that ETFs would become more popular.
Nate Geraci said the next two months could be very important. More demand for altcoins may come from ETF approvals. People who watch the market expect both volatility and opportunity.
Influence of Macro Factors Feelings about Altcoins
On Friday, the markets reacted to the U.S. unemployment numbers. Experts think the drop was too much. As feelings settled down, altcoins quickly bounced back.
Stephen Gregory from Vtrader said that a “alt-season is brewing.” Traders are getting ready for an upturn as macro headwinds ease. The lower chance of a rate cut made people feel better.
Bitcoin Doesn’t Move Much While Jobs Data Is in Focus
During the rally, Bitcoin only went up 0.53%. Traders are still being careful before new U.S. jobs data comes out. BTC is still holding steady near record highs.
Overall, analysts think the fourth quarter will be good. Still, inflation and employment data that aren’t clear could cause volatility. Altcoins are the most important coins in the market right now.
