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#Altcoin Market Rebound Altcoins are starting to rise, with Dogecoin leading the weekend rally among the top ten altcoins, following muted price movements last week from Bitcoin.
Dogecoin is currently trading at $0.22 following a 5.1% jump in the past 24 hours. TRON has a modest gain of 2.4% while XRP is up 2% in the same period, CoinGecko data shows.
The crypto markets, including Dogecoin and TRON, are up after an “overreaction” to Friday’s U.S. unemployment numbers, Stephen Gregory, founder of crypto trading platform Vtrader, told Decrypt, who believes that an “alt-season is brewing” despite the recent sell-off.While the macroeconomic outlook was a main driver and set the tone for both the crypto and equity markets' sentiment on Friday, the announcement of a Dogecoin exchange-traded fund by REX Shares, an ETF provider, has helped the seminal meme coin’s weekend surge.
Referring to the Dogecoin ETF news, Nate Geraci, President of NovaDius Wealth Management, said, “I think we’re in for wild next 2 months for crypto ETFs,” in a Sunday tweet.