As market sentiment heats up across the cryptocurrency landscape, Dogecoin appears to be regaining traction. Fueled by a surge in altcoin trading activity and growing Ethereum dominance, Dogecoin is emerging as one of the key indicators of an incoming altseason.
Over the past month, the coin has experienced a significant rally, rising 3% in the last 24 hours, 25% over the past week, and 48% in the last 30 days. These figures not only highlight Dogecoin’s growing strength but also reflect broader optimism in the meme coin sector.
This growing momentum is backed by massive capital inflows across the altcoin space, with billions being injected into projects like XRP, Ethereum, and others, laying the groundwork for further upside potential for meme coins like Dogecoin.
However, a full-scale altseason isn’t guaranteed just yet. According to CoinMarketCap the Altcoin Season Index currently sits at 38, a neutral position that implies potential but not confirmation.
With Dogecoin’s current market cap at $38 billion, a move toward its previous high would require substantial capital inflow, possibly upwards of $68 billion. Still, for investors and traders positioning themselves early, Dogecoin’s price action could be the canary in the coal mine for broader meme coin market gains.
Below are the factors driving Dogecoin’s bullish momentum, along with a $DOGE price prediction shared in a video by Jacob Crypto Bury on his YouTube channel.
Thumzup and Bit Origin Announce Strategic Crypto Investments Including Dogecoin
Tokenview data shows a notable spike in large-scale transactions on the Dogecoin network, with activity reaching a two-month high on July 18. This surge signals increased interest and movement among major holders.
Adding to the bullish sentiment, Singapore-based crypto mining firm Bit Origin (BTOG), which is publicly traded on Nasdaq, has made headlines by unveiling a substantial $500 million Dogecoin treasury.
This move stands out as one of the most significant steps toward institutional involvement in the meme coin space. In a recent Form 6-K filing, the company disclosed that accredited investors have committed $400 million through Class A shares and an additional $100 million via convertible notes.
Bit Origin has already secured the first $15 million from this debt facility and intends to allocate a significant portion of the funds toward acquiring Dogecoin, reinforcing its long-term commitment to the token.
In a statement, Thumzup Media Corporation revealed that its board has approved holding up to $250 million in digital assets, including Bitcoin and other major cryptocurrencies.
The AdTech company, backed by investor Donald Trump Jr., said it plans to diversify its holdings across assets such as Ether, Solana, XRP, Dogecoin, Litecoin, and USDC.
CEO Robert Steele emphasized that recent regulatory developments in the U.S. have encouraged the company to adopt a long-term crypto accumulation strategy aimed at maximizing value for shareholders.
Dogecoin Price Prediction
From a technical standpoint, Dogecoin is showing signs of a bullish reversal with a classic double-bottom formation, a pattern often associated with trend reversals. The immediate target for this current rally sits at $0.30, representing a 25% gain from current levels.
Although the asset still remains far from its all-time high of $0.76, recent price action indicates that $DOGE could continue its upward trajectory if momentum persists.
Source – Jacob Crypto Bury X
On the weekly timeframe, the RSI (Relative Strength Index) has not yet entered overbought territory, which suggests there may still be room for growth before a significant pullback occurs.
Market watchers are closely monitoring this technical setup, as a breakout beyond key resistance levels could ignite a stronger move to the upside.
In a recent post on X, CryptonautX stated that Dogecoin has broken out of a major trendline on the daily chart, setting the stage for a potential rally. According to the analysis, $DOGE could surge 100–150% in the coming days and possibly reach $0.47 or higher.
Source – CryptonautX on X
Another X post exuding bullish sentiment toward Dogecoin comes from Investments_CEO, who hinted at $DOGE possibly reaching $1.
Why Bitcoin Hyper Could Be the Utility-Driven Alternative to Dogecoin This Altcoin Season
As the crypto market gears up for what appears to be a full-blown altcoin season, a standout project attracting attention is Bitcoin Hyper (HYPER), a Layer-2 (L2) solution designed to enhance Bitcoin’s transaction capabilities.
While Dogecoin and other meme coins are gaining momentum from speculative enthusiasm, Bitcoin Hyper takes a more utility-driven approach by tackling Bitcoin’s longstanding issues around speed and cost.
It has already raised over $3.4 million in its presale, with additional funding rolling in at an average rate of $100,000 per day. Bitcoin Hyper is designed to power near-instant Bitcoin transactions with high finality, allowing users to send and receive BTC on its Hyper L2 network seamlessly.
Its architecture includes rollups, sidechains, and a bridge system that enables users to deposit Bitcoin to a monitored address, unlocking L2 functionality. The project also offers approximately 260% staking reward, making it appealing not just for short-term gains but as a long-term hold with passive income potential.
Its bold vision extends to powering Bitcoin-native meme coins, dApps, and micro-payments, areas where Bitcoin traditionally lags due to network congestion and high fees.
With strong early momentum, a growing community, and solid marketing via crypto media outlets, Bitcoin Hyper is being touted by CoinCentral as a potential 1000x crypto opportunity.
While still in its early stages, it’s attracting attention at a pivotal time when L2 solutions are seen as critical to the future of blockchain scalability. As Bitcoin approaches new highs and infrastructure-focused projects come into focus, Bitcoin Hyper could be well-positioned to capitalize on the next wave of adoption.
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