The crypto market appears to be ending the week on a high note, with prices across the board in the green on Friday. According to CoinGecko data, the total cryptocurrency market capitalization has increased by 3.2% today, reaching $3.9 billion.
Altcoins are flying, and traders are actively scouting for the best crypto to buy now. XRP, Dogecoin, and Snorter have become three of the top favorites, each gaining significant momentum.
But what’s driving the current price surge, and will it hold over the weekend and into next week? Let’s explore the reasons behind the pump and take a closer look at the projects poised to benefit most.
Pro-Crypto White House Policy Sends Altcoins Surging
The recent market-wide surge is driven by bullish news from the White House, as Trump’s executive orders propose including cryptocurrency in 401(k) plans and aim to prevent the debanking of crypto-related initiatives, marking a notable leap toward digital asset acceptance among mainstream entities.
Gary Oshea, head of global market insights at Hashdex, told Decrypt that they don’t expect this news to have a big impact on near-term crypto prices – but there’s no doubt it adds fuel to the ongoing crypto bull run.
Bitcoin is now trading at $116,800, just 4.9% shy of setting a new all-time high (ATH). Its price has risen 1.37% today, but Ethereum has outperformed that with a 4.77% jump.
Meanwhile, XRP is up 11.4%, Dogecoin has increased by 8.6%, and Snorter has recently surpassed the $2.4 million raised mark in presale. The altcoin market is buzzing – so let’s take a closer look at the projects that are performing best.
XRP
Currently trading at $3.36, bulls are once again targeting new ATHs for XRP following significant success this month. Alongside the market-wide tailwind from the White House’s pro-crypto policies, XRP is benefiting from the official resolution of the U.S. Securities and Exchange Commission’s ongoing lawsuit against Ripple Labs.
Both parties agreed to dismiss their appeals in the Second Circuit Court of Appeals, removing the legal uncertainty that has clouded XRP’s regulatory status since 2020.
Traders see this resolution as a gateway for XRP and the XRP Ledger to gain adoption among institutions and banks. This will help the asset in achieving its ultimate goal of becoming a leading global bridge currency, potentially replacing or supplementing SWIFT for cross-border payments.
It’s this combination of market-wide bullish momentum, regulatory clarity, and ambitious use case that’s making XRP one of the top choices for crypto traders today.
Dogecoin
Dogecoin is another large-cap altcoin experiencing significant inflows today. Currently trading at $0.22, its price has surged 8.6% today and has also offset this week’s selling, now up 0.7% over the past seven days.
The meme coin’s 24-hour trading volume has increased to $2.8 billion, a 138% jump today. This suggests increasing whale activity since it’s unlikely that everyday retail traders would generate such heavy liquidity flows.
Dogecoin’s 24-hour volume surpasses that of BNB and Cardano, despite both assets having much higher market capitalizations than $DOGE. That’s another signal of the meme coin’s promising outlook.
Regarding whale activity, analyst Ali Martinez highlighted that whales bought over 1 billion $DOGE, worth $200 million, within 24 hours on Wednesday. This rise in whale inflows is a key indicator of confidence and enhances supply and demand dynamics.
Snorter
While XRP and Dogecoin are among the best large-cap altcoins to buy, many traders are looking for lower-valued options to maximize their gains in the bull market. Snorter is building significant momentum right now for its unique role in the meme coin space.
It is a Solana-based meme coin trading bot designed to help users find the next 10x-1,000x runner. It offers features like copy trading, automated token sniping, and rug pull detection, which do the heavy lifting for users on autopilot.
The bot also boasts the most competitive fee structure on the market, charging $SNORT holders just 0.85% fees per trade, whereas most bots charge 1% or more.
Unlike Dogecoin and many other leading meme coins, Snorter doesn’t compete on community and emotional metrics; instead, it provides tangible utility. This signals long-term potential.
Its token presale has just surpassed the $2.4 million raised mark, a significant milestone demonstrating community support and growth potential.
However, prices are expected to increase throughout the presale, encouraging investors to act quickly. Visit Snorter.
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