- Dogecoin surged 14% as Bitcoin’s $100K rally boosted demand in the Proof-of-Work sector, outpacing Litecoin and Bitcoin Cash.
- The rise marks a shift toward high-risk, sentiment-driven assets, with DOGE leading the charge in the early stages of a potential bull market.
Dogecoin (DOGE) surged 14% on Thursday, outperforming Litecoin (LTC) and Bitcoin Cash (BCH), as Bitcoin’s rally past $100,000 reignited investor interest across the Proof-of-Work (PoW) sector. The rally pushed DOGE to $0.19 at press time, flirting with the $0.20 milestone, and added $4.2 billion to its market cap — more than five times the combined gains of LTC and BCH.
According to Coingecko data, the PoW sector’s total market capitalization jumped 5.7% to $2.12 trillion, outpacing the broader crypto market’s 3% growth in the same 24-hour window. Of the $123 billion in total PoW inflows, Bitcoin alone absorbed $118 billion, driven by a 5.8% price increase to $103,000.
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Yet, the standout momentum belonged to altcoins like Dogecoin, which not only gained more than BCH (+10.5%) and LTC (+5.3%), but also benefited from a broader memecoin resurgence. Other high-risk, sentiment-driven tokens such as PEPE and Fartcoin soared by 34% and 18.2%, respectively — further confirming that risk appetite is back in full force.
Dogecoin’s explosive growth signals a possible early-stage bull-cycle rotation. While traditionally seen as a meme coin, DOGE’s price action suggests that traders are embracing volatility over utility, favoring emotionally charged assets during Bitcoin-led breakouts. This trend often coincides with macroeconomic optimism, including easing monetary policy expectations and political developments like Trump’s trade positioning.
Looking ahead, if memecoins maintain their grip on market momentum, investors could see sharper gains — and sharper reversals — across the altcoin landscape. Strategic traders should keep an eye on synchronized corrections among leading memecoins, which could foreshadow sentiment shifts or broader market cooldowns.
For now, Dogecoin stands as the undisputed leader of the PoW altcoin rally, embodying the crypto market’s renewed hunger for high-reward plays in a reinvigorated bull environment.