Bitcoin did not break $100,000, but DOGE rushed to $0.5, is the Meme king back?

Last night, the focus of the crypto market was undoubtedly Bitcoin. On the way to $100,000, BTC was only $250 away from the target, but it fell back by 1,000 points due to lack of momentum, which slightly frustrated the market enthusiasm. However, just when Bitcoin took a breather, Dogecoin (DOGE) stole the limelight at an astonishing speed, breaking through $0.48 in one fell swoop, setting a new high in 3.5 years!

DOGE leads the Meme sector, and bulls are in high spirits

Nearly 3.5-year high: After brewing for several days, DOGE finally broke through the $0.42 suppression yesterday, reaching a high of $0.48, only 37% away from the historical high of $0.73. The logic behind the surge: Market sentiment ferments: Musk once again promoted the Meme culture craze, superimposed on the collective power of the Dogecoin community, which made the market momentum continue to rise. Liquidation boost: According to CoinGlass data, DOGE shorts were liquidated for nearly $40 million within 24 hours, providing fuel for further price increases.

Meme market differentiation: the strong will always be strong

Driven by the strong rise of DOGE, SHIB also recorded an increase of more than 7%. In contrast, other meme coins performed poorly, including PEPE, FLOKI, PNUT and other coins, which all fell by more than 7%, forming a market pattern of "leading solo dance".

Will DOGE be the vane of the next bull market?

Analysts predict that if DOGE breaks through $0.5, the next target may point to more than $0.6. However, risks still need to be carefully assessed, and the meme coin market is often accompanied by high volatility and short-term bubble effects.

The crypto market has never lacked passion and drama. Can DOGE refresh history again and become the eye of the bull market storm? Pay attention to Boshi and take you to capture the next wave of opportunities!

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