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Vtrader Founder: DOGE leads the alts market, and the Q3 Bear Market performance may bring a turning point for the market by the end of the year.
According to ChainCatcher news and Decrypt reports, DOGE has risen 5.1% in the past 24 hours, reaching a price of $0.22, leading the alts market. This increase is mainly driven by the DOGE ETF plan proposed by REX Shares. Meanwhile, TRON has risen 2.4%, and XRP has risen 2%, showing an overall positive market trend. The cryptocurrency market began to recover after an “overreaction” to the US unemployment data released on Friday. Stephen Gregory, founder of Vtrader, stated that despite the recent market sell-off, the “altcoin season” may be brewing. Furthermore, with expectations of a rate cut in September exceeding 90% and the active participation of retail investors, the bearish performance in the third quarter could bring an interesting turn to the market by the end of the year.