Ethereum and Dogecoin surge while Bitcoin battles

Ethereum has broken its all-time high, bagging an impressive over $3,523.00 USD as Bitcoin struggles to maintain strength in the market.

Alt season, a time where altcoins see investment intrigue and values and volumes rising, has officially commenced it seems, as Bitcoin’s dominance sits at a rocky 46%. Meanwhile, Ethereum’s price has been flourishing and Dogecoin has continued its walk in the limelight.

Ethereum to a record-breaking high

The excitement in the market abounds as the price of Ethereum surges consistently – now breaking a resistance level to tap above its all-time previous high trading value.  As it stands, Ethereum leads the alt market with thrilling near 14% day-on-day trading gains. Looking at the past week, Ethereum is looking at a nearly 40% spike in value.

Experts and analysts in the field are excited about the possibility of the future of the token, suspecting it could continue to surge higher as the token leads the alt market. According to Scott Melker, Ethereum can still go much higher than its current price and trajectory.

Bullish analysts are calling for $5,000 USD for short-term targets with hopes for the token to tag where Bitcoin was ranging last year around the $20,000 USD range.

Dogecoin enjoys its time and incline

Ethereum’s success is beneficial for the market overall and the same can be said for Dogecoin. This week, the meme-born cryptocurrency saw its own all-time high surpassing $0.50 USD for the first time to hit over $0.55 USD. Dogecoin doesn’t seem done with its incline either, looking to break past resistance barriers of $0.60 USD with tidy 38% daily increases.

Dogecoin’s main moment of success came in as Gemini announced support for the altcoin on its platform, offering users the ability to transact. Gemini co-founder Tyler Winklevoss offered insight into the rationale:

Related Articles

US lawmakers seek answers from Silvergate about FTX link

United States senators have requested information from Silvergate Capital regarding the firm's association with FTX.

Bitcoin value in Nigeria surges as cash-free society initiative expands

The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.

How is Bitcoin regulated in the United States?

Bitcoin regulation is an ever-evolving topic, especially in the United States where national legislation is impacted by individual states.

BlockFi financial leaks shows $1.2 billion FTX links

Financial information accidentally leaked in a presentation shows that BlockFi's financial ties to FTX were much higher than previously...

See All