Dogecoin Outshines Bitcoin, Ethereum: Rate Cut Rally Kicking In?
According to CoinCodex’s data, Dogecoin (DOGE) is currently the best-performing cryptocurrency among the top 10 projects by market cap. DOGE’s price has risen by 6.9% in the last 24 hours, 10.1% in the last week, and 2.1% in the 14-day charts. Despite the rally, DOGE’s price has dipped 1.2% over the previous month. Dogecoin (DOGE) is currently outperforming Bitcoin (BTC) and Ethereum (ETH) in the daily and weekly charts. BTC has rallied 0.5% in the last 24 hours and 3.1% over the last week. ETH, on the other hand, has fallen 0.1% in the daily charts and 2.4% in the weekly charts. Source: CoinGecko Why Is Dogecoin Outshining Bitcoin and Ethereum Right Now? Source: Watcher.Guru There are a few factors that could be influencing Dogecoin’s (DOGE) latest price rally. Firstly, there is a lot of talk about Elon Musk’s attorney, Alex Spiro, chairing a $200 million Dogecoin (DOGE) fund. Corporate treasuries have played a key role in this year’s market rally. B...