Altcoins surged at incredible rates as we near the end of 2024. Bitcoin’s dominance continues to decline after recently reaching its peak, and we are seeing an influx into smaller projects. Numerous large-cap altcoins have witnessed incredible gains in November as investors prepare for the altcoin season.
The altcoin market has seen a resurgence as investors search for the next profit-making machine. While Bitcoin (BTC) trades around the $93,000 range, altcoins, such as Ripple (XRP), Solana (SOL) and Dogecoin (DOGE), saw massive gains.
Join us as we explore the altcoin market and investigate the hottest projects expected to rocket in 2025.
Dogecoin (DOGE)
Dogecoin (DOGE) is the largest memecoin by market cap and is the 7th largest crypto with a market cap exceeding $59.13 billion. Elon Musk, the world’s richest man with a net worth exceeding $350 billion, is the CEO of Tesla, owner of social media platform X (formerly Twitter), and one of the president-elect’s most prominent supporters and has long endorsed Dogecoin. Musk recently joined the Trump campaign and was integral to Trump’s victory, and his involvement with the republican party could see DOGE run to new highs in the coming months. DOGE’s surge stepped into overdrive after Donald Trump released a statement revealing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.”
DOGE is expected to surge after DeFi Technologies introduced
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Author: Jana Serfontein
