Bitcoin reached a new all-time high price over $109,000, but Dogecoin has outperformed it, seeing a significant rise of approximately 6% in the last 24 hours. As Dogecoin trades at around $0.23, it remains the top-performing asset among the larger cryptocurrencies, surpassing Bitcoin's 4% increase. The surge in Dogecoin's pricing is partly attributed to regulatory developments regarding a DOGE-based exchange-traded fund proposed by Grayscale. Compared to its previous high of $0.73 in 2021, Dogecoin's current price represents a substantial decline, yet it has gained nearly 44% over the past 30 days. Other meme coins also experienced similar gains, with President Trump's token rising by over 10%. As the altcoin market regains momentum, analysts highlight a general undervaluation across many altcoins due to shifting regulatory landscapes that favor digital asset protocols rather than a downturn in valuation. Overall, the interest from investors indicates a potential for these assets to climb further as the cryptocurrency market evolves.

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