The cryptocurrency market has seen renewed activity as several major tokens, including Dogecoin (DOGE), XRP, and BNB, show signs of resuming uptrends. These movements come amid evolving macroeconomic expectations, corporate interest in digital assets, and regulatory developments that appear to favor crypto adoption. Meanwhile, a new Ethereum Layer 2 (L2) blockchain, Layer Brett (LBRETT), has gained attention for its presale success and potential to deliver substantial returns.
Dogecoin, the meme-inspired cryptocurrency, surged by approximately 5% following a $50 million acquisition by Thumzup, a Trump-affiliated entity, which has positioned it as the largest DOGE mining operation. This deal signals growing institutional and high-profile confidence in the project. Additionally, Wyoming’s launch of a state-backed stablecoin, known as the Frontier Stable Token, has contributed to a favorable regulatory environment for digital assets. The Federal Reserve’s recent remarks—suggesting a more accommodative stance toward crypto—further bolstered market sentiment, with Fed Vice Chair Michelle Bowman emphasizing the risks of delaying adoption in the financial sector.
From a technical perspective, Dogecoin has traded within a $0.21 to $0.22 range in recent sessions, with volume spikes indicating strong institutional involvement. A late-session increase of 1% on August 21, with trading volumes exceeding 61.8 million, confirmed renewed buyer interest. Support levels have held consistently within the $0.21–$0.22 range, and traders are closely watching whether DOGE can push past $0.225 to confirm a breakout. Whale activity, with total accumulation reaching 2 billion DOGE in the past week, also suggests growing interest from large holders.
XRP, the native token of Ripple’s blockchain, has also shown bullish momentum, surging nearly 9% during a single session in early August before pulling back to settle near $3.01. This rally followed the Federal Reserve’s dovish comments at the Jackson Hole symposium, which reinforced expectations of a September rate cut and improved risk-on sentiment across digital assets. On-chain settlement volumes on the XRP Ledger increased by 500% during this period, signaling potential institutional adoption. However, ongoing whale distribution remains a factor, and traders are monitoring whether the $3.00 support level will hold amid profit-taking.
Meanwhile, seven ETF issuers updated their XRP ETF filings after Ripple secured a court victory over the SEC, marking a significant milestone for the token. Analysts estimate a 95% approval chance for XRP ETFs by late October, which could attract billions in inflows, according to JPMorgan. The ripple effect—pun intended—on market liquidity and investor accessibility could further drive price appreciation.
BNB, the native token of Binance, has also seen renewed interest as part of the broader altcoin rally. While specific price data is limited in this context, the token is widely viewed as a top-tier altcoin with strong utility and ecosystem support. Binance’s continued influence in the crypto market and its recent strategic moves—such as the Ethereum bridge proposal for Dogecoin—suggest a broader trend of innovation and interoperability across major blockchain platforms.
The most notable newcomer to the altcoin scene is Layer Brett, an Ethereum-based Layer 2 project inspired by the meme culture surrounding Pepe the Frog. Despite its playful origins, the project has evolved into a serious blockchain with a presale valuation exceeding $700,000. Layer Brett positions itself as a scalable, fast, and low-cost alternative to traditional Layer 1 blockchains, with support for Ethereum-based staking and integration with MetaMask and Trust Wallet. The token is currently available for purchase at $0.0044, with early backers receiving staking rewards as high as 7,500% APY. Analysts have highlighted the project’s potential to deliver 100x returns, though such projections remain speculative and based on the presale’s performance and adoption rate.
Investor sentiment appears to be shifting toward altcoins with clear use cases, regulatory clarity, and growing institutional support. While Dogecoin and XRP continue to benefit from corporate and regulatory tailwinds, projects like Layer Brett represent the next wave of innovation in the crypto space—leveraging the viral appeal of meme culture while offering real-world blockchain functionality.
Source:
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[2] title2 (https://www.coinbase.com/price/dogecoin)
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[5] title5 (https://www.dlnews.com/articles/markets/cluster-amended-xrp-etf-filings-roll-in-ripple-sec-dismissal/)
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