TRON (TRX) and Dogecoin (DOGE) Placed in This Prestigious Ranking: Details
Release: 2024/08/29 02:24 Reading: 905
TRON and Dogecoin Make a Splash in Cryptosphere
In the past week, TRON has dominated crypto conversations alongside bitcoin and Dogecoin, according to Santiment's analysis.
Bitcoin's Ups and Downs
Bitcoin's volatility continued, dropping below $60,000 and rallying between August 23 and 26. Positive news from Federal Reserve Chairman Jerome Powell regarding interest rates and Robert F. Kennedy's withdrawal from the presidential race fueled the surge. However, BTC's momentum waned, falling to $58,000 before recovering to its current level of $60,000.
TRON's Stellar Performance
TRON (TRX) witnessed a surge to a 40-month high of $0.17 on August 26. The rally benefited investors, with 100% recording profits. SunPump's launch of meme coins, including Sundog, may have contributed to TRON's prominence.
Dogecoin's Enduring Popularity
Despite no major news, Dogecoin remains a popular topic due to its strong community, numerous investors, and high-profile endorsements from Elon Musk.
AI and GameFi on the Rise
AI-related cryptocurrencies, such as Artificial Superintelligence Alliance (FET), have seen significant growth, with FET increasing nearly 50% to a high of $1.47. GameFi tokens, including Immutable (IMX) and Floki Inu (FLOKI), have also experienced price surges. Beam (BEAM), GALA (GALA), and ApeCoin (APE) have also experienced gains.
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