Dogecoin Rises as Bitcoin Approaches $100,000 – But XRP and Other Altars Are Hotter

Bitcoin may still be trying to break the long-awaited $100,000 per coin mark after a few close calls over the last day, but various altcoins are on the rise – including Dogecoin.

One of them is Dogecoin, the seventh largest coin by market capitalization. It hit $0.4126 early Friday afternoon, the highest mark seen in over a week, with its daily gain of nearly 7% to the current price of $0.4114. DOGE is now up almost 15% on the week.

The original meme coin had slowed its run in recent days after surging in price both before and after Election Day, but DOGE is rising again. Dogecoin hit a three-year high of around $0.43 early last week.

However, other altcoins are doing better. At the top of the pack is XRP — its price has surged since news broke that Securities and Exchange Commission Chairman Gary Gensler stepped down from his role as Wall Street’s top regulator in January.

The head of the financial watchdog had waged war on the XRP project and its founders, who formed Ripple Labs, but now the asset is reaching a three-year high.

Now the price of the asset is at $1.47 after rising by 31% in the last 24 hours. It is the best performing asset in the top 100 cryptocurrencies (ranked by market cap) over the past 24 hours.

Elsewhere, Stellar (XLM) is also seeing a rise. The coin’s price is currently up 28% in the last 24 hours and is priced above $0.30.

And Cardano (ADA) has also risen in price: it is now trading above $0.97 after a 22% jump in price today. The coin, the ninth-largest digital asset by market capitalization, was also in the SEC’s crosshairs during Gensler’s tenure.

Other assets experiencing a price increase include Algorand and Avalanche. They have both made double-digit gains, with ALGO’s price rising 18% to top $0.24, and Avalanche – or AVAX – rising 11% in a day to top $39.

It’s worth nothing that all of these alts are still significantly below their previous record highs – some by as much as 90%.

Edited by Andrew Hayward