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Vtrader Founder: Dogecoin Leads Altcoin Market, Q3 Bearish Performance Could Bring Market Turnaround by Year End
Summary: According to Decrypt, Dogecoin surged 5.1% in the past 24 hours to reach $0.22, leading the altcoin market. This increase was mainly driven by REX Shares' proposed Dogecoin ETF plan. Meanwhile, Tron rose 2.4%, XRP rose 2%, showing overall positive market trends. The cryptocurrency market is rebounding after an 'overreaction' to US job data on ...
According to Decrypt, Dogecoin surged 5.1% in the past 24 hours to reach $0.22, leading the altcoin market. This increase was mainly driven by REX Shares' proposed Dogecoin ETF plan. Meanwhile, Tron rose 2.4%, XRP rose 2%, showing overall positive market trends.
The cryptocurrency market is rebounding after an 'overreaction' to US job data on Friday. Vtrader founder Stephen Gregory stated that despite recent sell-offs, the 'altcoin season' may be brewing. Additionally, with over 90% expectations of a rate cut in September and active participation from retail investors, the bearish performance in the third quarter could bring an interesting turnaround by year end.
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Link: Vtrader Founder: Dogecoin Leads Altcoin Market, Q3 Bearish Performance Could Bring Market Turnaround by Year End [Copy]
