Dogecoin Surges 6%, Outperforming Ethereum and XRP in Crypto Market Rally

The cryptocurrency market experienced a recent surge as Dogecoin (DOGE) surged ahead of established altcoins like Ethereum and XRP, gaining over 6% within 24 hours. This surprising rebound challenges the notion that meme coins are mere digital jokes, reminiscent of a beast revealing its ferocity after seeming docile. Analysts point to expanding decentralized finance (DeFi) applications and increasing institutional investments as key drivers behind this resurgence. 21Shares and Bloomberg even predict a Dogecoin exchange-traded fund (ETF) launch by the end of 2025, further fueling the momentum. 21Shares views DOGE as