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As the broader cryptocurrency market records a rally in altcoins, Dogecoin (DOGE) has taken an impressive lead. The value of the memecoin has surged past other notable assets such as XRP, Solana (SOL), and Cardano (ADA), all of which recorded an impressive price rise in the past 24 hours.
Dogecoin leads the altcoin pack
As of this writing, the price of DOGE changing At $0.3494, representing a 10.04% increase. Investor interest has continued to grow, as evidenced by trading volume, which rose by 45% to $3.68 billion. DOGE rose from a low of $0.3114 to announce its current price performance amid the market rally.
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Traders on Binance may have raised the issue Current price hike They are betting long on DOGE, as U.Today previously reported. More than 81% of traders on the stock exchange were optimistic about the price rise, which is currently happening.
XRP also posted gains, but they were slightly lower than DOGE. XRP price rose 8.15% to $2.56. XRP trading volume grew by 12% to $8.78 billion. This signals a move away from the price volatility that XRP has seen over the past 30 days, as it struggled to break above the $2.40 level.
Investors are hoping that XRP, supported by the expansion and performance of stablecoin RLUSD, will support the coin to retest higher levels. Indeed, the key XRP metrics Hint at the token rising to the $3 level as long as bullish sentiment persists.
Signs of this upward trajectory include an increasing number of new accounts and rising transactions.
Cardano drives psychological fulfillment
In the last 24 hours, Solana price has risen by 6.90% to $187.91. The SOL market size also grew to $4.16 billion, representing a 20.5% increase. This price performance remains important, considering the whale alert spotted 149,999 SOL was transferred from an unknown wallet to Binance recently.
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At the time, the deal led to selling pressure on a segment of market participants. However, this did not impact SOL enough to prevent a bullish rally, as is evident now.
Cardano It also pushed towards the psychological $1 level, with a 7.49% increase in price to $0.9711. It also recorded a trading volume of 1.29 billion US dollars, an increase of 15.53%.
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