DOGE continues to surge 10% and has reclaimed a key level. With Bitcoin (BTC) rising back above $68,000, top altcoins like SHIB and DOGE are seeing significant gains. This article discusses price expectations amid the ongoing growth.

Dogecoin (DOGE)

We discussed earlier that Dogecoin could see significant gains with a close above $0.105. It has indeed broken above this level and is currently above $0.13. The impressive gains in assets like Dogecoin reflect the potential for further upside across altcoins. Major altcoins gaining double-digit percentages could erode BTC’s market dominance and revive demand for smaller altcoins.

While the number of alternatives in the meme coin space is growing, only a fraction of the thousands of coins will be around a year from now. This situation is driving risk-taking individuals looking to profit from the rise of meme coins to turn to established assets like DOGE for long-term investments.

Historical data suggests that meme coins, which tend to go parabolic in bull markets, could set the stage for another significant rally for DOGE. The current chart shows a close above $0.1319 could target resistance at $0.1527.

General situation of cryptocurrencies

Demand for major altcoins remains strong. BTC has returned above $68,000 and recent higher lows support the overall market optimism. Market volume over the past 24 hours has exceeded $75 billion, with BTC dominance remaining below 60%. BTC has maintained gains after rising 10% this week.

This week, ENA, MEW and MOG saw gains of more than 30%. HNT and MKR were among the losers of the week, with double-digit declines and increasing losses in the past 24 hours.

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