Dogecoin is Rallying on Market Positive Sentiment
Dogecoin (DOGE) is rising by 9.0% to $0.2430 this week, riding the wave of Bitcoin’s (BTC) phenomenal 16.0% surge to a new all-time high at $111,865. This explosive move followed the U.S. Senate’s approval of the stablecoin GENIUS Act, which sets up a regulatory framework for stablecoins and is expected to channel significant capital into the crypto space.
Investor enthusiasm is building across the board, with DOGE benefiting from the broader rally. The momentum could propel the meme coin toward the $0.3000 mark, with the potential to extend gains toward $0.4000 if market conditions remain favorable.
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