Vtrader Founder: Dogecoin Leads the Altcoin Market, Q3 Bear Market Performance May Bring a Turning Point for the Year-End Market

ChainCatcher news, according to Decrypt, Dogecoin has risen 5.1% in the past 24 hours, reaching a price of $0.22, leading the altcoin market. This increase is mainly driven by the Dogecoin ETF proposal put forward by REX Shares. Meanwhile, Tron rose 2.4%, and XRP increased by 2%, with the overall market showing a positive trend.

The cryptocurrency market began to recover after an "overreaction" following the release of U.S. unemployment data on Friday. Vtrader founder Stephen Gregory stated that despite recent market sell-offs, the "altcoin season" may be brewing. Additionally, with expectations of a rate cut in September exceeding 90% and active participation from retail investors, the bear market performance in the third quarter could bring interesting twists to the market by the end of the year.