Dogecoin and other meme coins have seen a resurgence following Thanksgiving, coinciding with Bitcoin's approach to the $99,000 mark. As the original meme coin, Dogecoin has risen by 7% recently, marking a significant upswing of 149% over the past month, fueled by political events surrounding Donald Trump's pro-crypto stance after his election win. Other meme coins like Popcat and Brett also experienced price increases, with liquidations of nearly $6 million in Dogecoin shorts. Bitcoin itself touched an all-time high of $99,645 just a week prior, creating optimism in the marketplace. The total liquidated crypto futures positions amounted to $221 million, primarily led by Bitcoin shorts as prices recover. Overall, the meme coin market is buoyed by this broader context of Bitcoin's price movements and market sentiment.

Source 🔗