TRX posted modest gains of 2.4% while XRP advanced 2% during the same period, according to market tracking data.
Dogecoin News
DOGE jumped 5.1% to $0.22 during weekend trading, spearheading a broader altcoin recovery as traders digest U.S. employment data and fresh ETF developments. The meme coin rally coincided with gains across multiple major digital assets.
TRX posted modest gains of 2.4% while XRP advanced 2% during the same period, according to market tracking data. These movements follow muted price action from Bitcoin, which has maintained consolidation around $110,000 levels throughout recent sessions.
The cryptocurrency markets experienced an "overreaction" to Friday's disappointing U.S. unemployment figures, according to Vtrader founder Stephen Gregory. He believes current conditions suggest "an alt-season is brewing" despite recent selling pressure across digital asset markets.
REX Shares announced plans for a DOGE exchange-traded fund, providing fundamental support for the weekend surge. This ETF proposal represents growing institutional interest in meme coin exposure through traditional investment vehicles, potentially expanding Dogecoin's investor base significantly.
NovaDius Wealth Management President Nate Geraci suggested the announcement signals incoming volatility for crypto ETF markets. "I think we're in for wild next 2 months for crypto ETFs," he stated on social media.
TRX gains were connected to founder Justin Sun's recent headlines involving the WLFI token project. "This got a lot of headlines and ignited some passion in the degen base of crypto," Gregory explained regarding the renewed interest.
Sun generated significant attention on Friday when World Liberty Financial's DeFi project blacklisted his wallet for testing exchange deposits. This development created buzz within crypto communities and contributed to TRX price momentum during weekend sessions.
September rate cut odds above 90% combined with "retail engaged" sentiment could establish favorable conditions heading into the fourth quarter. Gregory believes the third quarter's historically bearish performance might create a "fun setup" for year-end trading.
The Federal Reserve faces challenging dual mandate tensions, with weak employment data conflicting with core inflation remaining above 3% targets. This macroeconomic uncertainty continues to influence both traditional and digital asset market sentiment as investors await policy clarity.
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