TRON (TRX) and Dogecoin (DOGE) are placed at this respectable level: details

TRON (TRX) and Dogecoin (DOGE) are placed at this respectable level: details


TL; DR

TRON was one of the most talked about crypto topics last week for several reasons.
AI-related cryptocurrencies and the GameFi sector have gained attention, while at the same time several tokens are experiencing significant price increases.

They make the biggest waves.

According to crypto analytics platform Santiment, Upper 3 They have crypto social narratives It was created too many Implications In the last seven days Include the value of bitcoin, TRON and Dogecoin.

Minergate

Leading Digital Asset Evaluation has gone through many ups and downs during that time. While the BTC price was below $60,000 a week ago, it recorded a significant rally between August 23rd and August 26th.

The tension comes shortly after US Federal Reserve Chairman Jerome Powell. he said. Down time of Interest rates in the larger economy it has Come on. He described the exact timing and speed of the effort. will do It depends on “incoming information, the outlook on progress and the balance of risks.”

Following the announcement, the price of BTC exceeded $62,000, and will continue to rise to $65,000 in the next few days. It can have a positive effect. More fuel was added By Robert F. Kennedy Decision To withdraw from the US presidential election and support Donald Trump.

The former US political leader has recently shown a pro-crypto approach, and many industry participants believe that the sector will prosper if he emerges victorious after the elections held this November.

However, BTC could not keep it up Momentum, several hours ago dropped to $58,000 to its current level of $60K (per CoinGecko's data).

BTC price
BTC price, source: CoinGecko

TRON has also made headlineswith The value of TRX – the native token of the blockchain protocol – has risen to a 40-month high On August 26, it was almost $0.17.. as a Cryptopotato reportedThe rally positively affected investors in the property 100% of them are placed on paper profit at the time.

It could be another factor that puts TRON in focus. The launch Thousands of meme coins at SunPump (Justin Sun affiliate platform that allows users to generate tokens in minutes). It is the largest coin of its kind. currently Sundog (Sundog), the market size has exceeded 250 million dollars.

Dogecoin has not been involved in any breaking news in the past week; While This time the price changed by 3%. That season. however, The token seems to have left One of the most popular topics in the crypto space.

This This is possible because of its strong community, millions of investors and high-profile past. Those who follow the development of the industry should know that DOGE is Elon Musk's favorite cryptocurrency.

What else is on the list?

Artificial Intelligence (AI) and GameFi rounded out Sentiment's Top 5. Club. Cryptocurrencies related to AI have been implemented so true Well on a seven-day scale, with Prices of some leaders Skyrocketed in double digits.

Artificial Superintelligence Alliance (FET), for example, exploded by nearly 50%, hitting a local high of $1.47 on August 27. currently, Since August 2023, it is trading at around $1.32, representing a whopping 550% increase.

FET value
FET price, source: CoinGecko

The GameFi image has seen a significant revival. of The biggest Such symbols – Immutable (IMX) and Floki Inu (FLOKI) – have increased in value by 23% and 25% (respectively) in one week. Beam (BEAM), GALA (GALA) and ApeCoin (APE) are also up slightly.

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