Dogecoin is capturing the attention of traders as its performance surpasses rivals Shiba Inu (SHIB) and Pepe (PEPE) in a volatile market. The meme cryptocurrency recorded a significant uptick in trading volume and price, driven by speculative bets tied to political developments involving former U.S. President Donald Trump. Investors appear to be leveraging the heightened media spotlight on Trump to capitalize on Dogecoin’s reputation as a high-risk, high-reward asset.
Source – FXStreet
The surge in DOGE’s performance reflects growing interest among retail traders seeking quick gains, particularly as market conditions show renewed appetite for meme coins. While SHIB and PEPE struggle to maintain momentum, Dogecoin’s liquidity and broad adoption provide an edge. Analysts remain cautious, noting that the rally could be short-lived without sustained market support. Despite the speculative nature of the spike, Dogecoin’s ability to lead the meme coin market underlines its enduring appeal among risk-tolerant investors.
