Dogecoin Leads Altcoin Rally Amid ETF Launch Hopes, Bitcoin Recovery

Dogecoin has experienced a significant rally, leading the altcoin surge with gains of around 7% and trading near $0.23, driven largely by strong market optimism about the imminent launch of the Rex-Osprey DOGE ETF, which has approval odds rising to 94%. This ETF-related enthusiasm has boosted trading volumes to over $2.6 billion daily and fueled bullish sentiment, with analysts projecting Dogecoin prices could reach $1 or higher during the current cycle. Alongside Dogecoin, other altcoins like TRON, XRP, and Solana have also seen gains amid a broader 'alt-season' sentiment and positive macroeconomic factors including expectations of Federal Reserve rate cuts. However, some experts caution that despite the momentum, technical indicators signal possible short-term retracements and resistance levels that could constrain Dogecoin's upside without new catalysts. Meanwhile, emerging PayFi altcoins like Remittix are attracting investor interest by offering real-world utility and strong infrastructure, distinguishing themselves from meme coins through security audits and robust fundraising. Overall, the crypto market shows a mixed but optimistic outlook with increasing retail engagement and ETF developments shaping near-term trends.