Dogecoin rose 9% to $0.46 as Bitcoin surpassed $100,000, boosting optimism in the market.

Dogecoin surged 9% to a weekly high of nearly $0.46 after Bitcoin reached an all-time high of $100,000. Bitcoin peaked at $103,679 before stabilizing at $102,447, marking a 49% increase in the past 30 days. Although Dogecoin has slightly retreated from its peak, it remains the top gainer among the top 10 cryptocurrencies by market capitalization. At $0.4518, it has surpassed Bitcoin's 7% increase and Ethereum's 5% increase. Bitcoin's dominance in the cryptocurrency market has increased to 56%, with a total market capitalization of $3.8 trillion. This increase in value is largely driven by strong institutional interest and favorable regulatory developments. Other meme coins, such as Shiba Inu and Pepe, have also seen gains, with Shiba Inu rising by 6% and Pepe rising by 7.5%. Despite these movements, Dogecoin remains the market leader in the meme coin space. Dogecoin has seen a significant increase since Donald Trump's election victory, rising 163% in the past 30 days. Following the price volatility of Bitcoin, Dogecoin saw a strong increase on Wednesday, rising over 9% in just 24 hours. Analysts, including Captain Faibik, predict that Dogecoin has the potential for further price gains, with some targets being $0.60. Long-time Dogecoin supporter, SlumDOGE Millionaire, has reminded followers that Dogecoin tends to follow Bitcoin's price trend, reinforcing the positive outlook for this currency. This pattern has been consistent in previous price surges, with Dogecoin often reflecting Bitcoin's performance. Technical analysts, such as Kevin, have predicted that Dogecoin could reach highs of $3.80-4.00 before the end of the week, hinting at an upcoming altcoin season as Bitcoin's dominance weakens. The possibility of Dogecoin reaching extraordinary levels in the coming year has sparked much debate. Some analysts believe that Dogecoin could reach as high as $15-16 in 2025, reflecting a potential increase of 3185% to 3404%. However, critics argue that such an increase would push Dogecoin's market capitalization well beyond $2 trillion, a figure much higher than Ethereum's current valuation of $464 billion. Predictions like these seem unlikely to materialize, leading to skepticism among traders and users. Despite these discussions, the latest market developments show strong momentum for Dogecoin, driven by the performance of Bitcoin. The 18% increase in Dogecoin trading volume further reinforces this bullish sentiment. As Bitcoin's dominance remains stable, there is growing anticipation that altcoins like Dogecoin will continue to benefit from Bitcoin's success. Traders are awaiting further confirmation that the market is transitioning into altcoin season, with Bitcoin dominance being an important indicator. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)