Currently, Bitcoin and Dogecoin are still the dominant forces in the market. The rise of Bitcoin is mainly driven by large-scale purchases by central banks and institutions. As these institutions continue to increase their holdings, the price of Bitcoin will continue to rise, which further incentivizes more institutions to enter the market, creating a virtuous cycle. More importantly, the U.S. government may introduce policies to treat Bitcoin as a reserve currency, which would solidify Bitcoin's status and could even encourage more countries to follow suit.
Dogecoin's strong performance is also inseparable from Musk's support. After Trump's election, Musk actively promoted Dogecoin, leading it to not only attract mainstream funds but also draw in a large number of retail investors. Meanwhile, Dogecoin may have the potential for deep integration with X in the future, making Dogecoin's prospects even broader, and breaking the $1 mark is just a matter of time.
