Dogecoin (DOGE) has emerged as the standout performer among the top 100 cryptocurrencies, rallying nearly 15% over the past 24 hours. This impressive surge comes on the heels of Bitcoin“s ascent, which has seen it trading close to $74,000, thus igniting a broader recovery in the cryptocurrency market.
Currently, Dogecoin is recognized as the most significant gainer by market capitalization, according to data from CoinGecko. In comparison, Bitcoin has experienced a 7.7% increase, reaching a price of $73,961, while Ethereum has also enjoyed a notable rise, climbing 10% to a value of $2,183. This positive momentum has notably mitigated Dogecoin“s losses over the last month, which now stand at merely 6%, as the token trades at approximately $0.102. Despite these fluctuations, Dogecoin continues to hold its position firmly within the top 10 cryptocurrencies by market capitalization.
The meme-inspired token is also one of the select few cryptocurrencies that have achieved the milestone of having a spot ETF available for trading in the United States. SEC approvals for such financial products were granted to issuers like Bitwise and Grayscale in the previous year. However, these ETFs have seen limited traction, with total inflows slightly exceeding $7 million since their launch, as reported by data from SoSoValue. In stark contrast, Bitcoin and Ethereum ETFs have attracted inflows of over $55 billion and $11 billion, respectively, although these figures pertain to the year 2024.
Trading volumes for Dogecoin on centralized exchanges highlight its prominence in the market. On Binance, for instance, Dogecoin has generated more than $197 million in trading volumes within the USDT trading pair over the last 24 hours, surpassing volumes for the BNB-USDT trading pair by 50%, based on CoinGecko data.
Other meme coins have also experienced significant gains during this period. PEPE, based on Ethereum, has risen by 8.8%, while BONK, a Solana project, has increased by 7.5%, trading at $0.00000535 and $0.0000056 respectively. Together, these tokens have contributed to a 5% rise in the overall meme coin category.
Another noteworthy contender is Fartcoin (FARTCOIN), which has surged by nearly 12%, reaching $0.18. However, this remains approximately 93% below its all-time high of $2.48 recorded in January 2025. Coincidentally, that date also marked the launch of President Trump”s official meme coin, TRUMP, on the Solana blockchain. While many leading meme coins have achieved considerable gains, TRUMP has only risen by 1.2% recently, trading at $3.46, which is over 95% off its all-time high.
