Altcoins are currently experiencing major upheaval. The industry-wide bull run has influenced traders, keeping the cycle moving. Some major crypto events include the ETH update and RTX, which is on track to top a $15 million presale raise. This suggests that there is some positive activity in the ecosystem.
While the Altcoin repertoire shows a positive climb, one coin has staged an epic comeback. We are talking about DOGE, primarily a meme coin that has made a comeback.
Altcoin Comeback
DOGE just recorded a 15% surge in just 24 hours. This puts the coin 43% ahead of where it was last month. As a result, it helped the meme coin finally soar again and get out of a multi-month slump due to macroeconomic events like a debilitating state of trade war and the Lazarus Group heist.
This sudden surge has certainly attracted investors. Many large investors managed to acquire millions of tokens in a single transaction. A recent on-chain report suggested that whales have scooped up close to 60.9 billion DOGE tokens, suggesting heightened market appeal.
DOGE is showing a significant rise, but it is not the only one. ETH has managed to grow equally. At press time, ETH prices have soared by 26.2% in the last 24 hours, placing them around the $2,500 mark. Therefore, this can also attract investors and push the price higher.
All in all, the altcoin market is gradually making a positive recovery. Therefore, it is high time that investors take advantage of this surge.
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