XRP and Dogecoin are leading gains among altcoins as Bitcoin remains stagnant. XRP experienced a notable 33% increase over the week, reaching $3.26, only 4.8% away from its all-time high. Dogecoin surged back above $0.20 for the first time in six weeks influenced by a meme coin resurgence. Other altcoins like Solana and Cardano also saw substantial gains of 5.9% and 8% respectively. In the current market, 77 of the top 100 cryptocurrencies are up, resulting in Bitcoin's dominance dropping from 65% to 61.5%. While Bitcoin’s price has recently hit new highs, XRP is poised for significant growth, trading just below its historical peak. Despite debates about the diminishing trend of 'altseasons', analysts note strong performances from various altcoins, highlighting a collective market capitalization rise from $983 billion to $1.44 trillion over 90 days. Additionally, meme coins are gaining traction, signaling renewed investor interest in categories beyond Bitcoin and Ethereum.

Source đź”—