Dogecoin (DOGE) is riding the bullish wave once again, experiencing a substantial rally with double-digit gains. Notably, selected tokens such as Pepe Coin and Floki Inu have also joined the meme coin rally, surging by double digits within a week.
Market analysts and enthusiasts are attributing this surge to the ongoing excitement surrounding exchange-traded funds (ETFs), and the price momentum shows no signs of slowing down.
Kaiko, a prominent figure in the crypto market, was quick to draw attention to the impressive price hikes in the meme coin sector. Pepe Coin and Floki Inu, along with Dogecoin, have been leading this charge. The excitement surrounding these meme coins has created a positive atmosphere in the crypto sphere.
$AVAX and $DOGE are up 10% while $AAVE is down .25% over the past 24 hours.
Most markets continue to surge amid the ETF hype.
Source: https://t.co/tihRplvItm pic.twitter.com/8Wta3fws49
— Kaiko (@KaikoData) October 26, 2023
Kaiko pointed out that “most markets continue to surge amid the ETF hype,” indicating that the broader cryptocurrency market is also benefiting from this newfound optimism.
Dogecoin’s Role In The ETF Frenzy
The cryptocurrency market has been buzzing with anticipation of a spot Bitcoin exchange-traded fund (ETF) for quite some time. This excitement has had a direct impact on…
