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

According to ChainCatcher, citing Decrypt, Dogecoin surged 5.1% in the past 24 hours, reaching a price of $0.22 and leading the altcoin market. This rally was mainly driven by REX Shares' proposed Dogecoin ETF plan. Meanwhile, Tron rose 2.4% and XRP increased by 2%, reflecting an overall positive market sentiment.

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