Dogecoin (DOGE) surged 12% in 24 hours, reaching $0.2724, while Pepeto promotes unity and vision with its own exchange supporting meme tokens. Pepeto, which skyrocketed 17,000,000% in 2021, is now in its presale stage. Investors are searching for the next memecoin gem, with DOGE's trading volume surging to $16.8 billion and Pepeto offering a unique platform for honest projects.
Dogecoin (DOGE) experienced a notable 12% surge in the last 24 hours, reaching $0.2724. This significant price increase comes amidst a broader market trend where Dogecoin's trading volume surged to $16.8 billion. Meanwhile, Pepeto, a platform that skyrocketed 17,000,000% in 2021, is currently in its presale stage, capturing investors' attention as they seek the next memecoin gem.
The recent surge in Dogecoin's price can be attributed to several factors. Firstly, the Federal Reserve's rate-cut pivot has weakened the U.S. dollar, pushing investors towards risk-on assets like cryptocurrencies. Additionally, Bitcoin's all-time high has acted as a tailwind, benefiting altcoins like Dogecoin [1]. Social media sentiment remains a significant driver, with Dogecoin's subreddit and TikTok hashtag continuing to influence the coin's price [1].
Pepeto Exchange, known for its promotion of memecoins, has emerged as a unique platform for honest projects. The exchange, which saw a massive 17,000,000% increase in 2021, is now in its presale stage. Investors are drawn to Pepeto's ability to provide a platform for innovative and community-driven projects, reflecting the growing interest in memecoins.
Institutional interest in Dogecoin has also been on the rise. A recent report suggests that the likelihood of a spot-based ETF approval for Dogecoin is now estimated at 80%, with the next SEC ruling scheduled for September 2025 [2]. This increased institutional interest, coupled with the growing network effects and merchant adoption of Dogecoin, points to a potential sustained breakout for the coin.
However, investors should remain cautious. Dogecoin's price is heavily tied to social media sentiment and celebrity endorsements, making it prone to sharp corrections. Additionally, while the coin has made strides towards real-world utility, it still lacks the robust smart contract functionality of Ethereum or the enterprise adoption of Bitcoin [1].
In conclusion, Dogecoin's recent surge reflects a confluence of technical, social, and macroeconomic factors. While the coin's fundamentals are improving, its reliance on speculation and social media sentiment remains a double-edged sword. For those with a high-risk tolerance, DOGE offers a speculative play on crypto's next "supercycle." However, investors should approach with caution, treating it as a short-term trade rather than a long-term hold.
References:
[1] https://www.ainvest.com/news/dogecoin-price-surge-future-potential-catalysts-readiness-sustained-breakout-2507/
[2] https://pintu.co.id/en/news/182620-dogecoin-price-update-today-21july2025
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