Dogecoin (DOGE) Soars As Bitcoin Rally Ignites Memecoin Frenzy

Zinger Key PointsDogecoin, the original memecoin, is surging Friday afternoon.Friday's jump comes in direct sympathy with Bitcoin, which rocketed to a new all-time high.Get daily-updated rankings across momentum, growth, value, trends, and quality to spot the strongest stocks in any market.DogecoinDOGE/USD, the original memecoin, is surging Friday afternoon, capturing significant gains as a wave of speculative enthusiasm washes over the crypto market for the session.What To Know:Friday’s jump comes indirect sympathywithBitcoinBTC/USD, which rocketed to a new all-time high of over $118,000. The surge by the world’s leading cryptocurrency is creating a powerful ripple effect, reigniting interest in high-beta assets like Dogecoin.Bitcoin’s record-breaking climb is largely attributed to sustained institutional buying, particularly through U.S.-listed spot Bitcoin ETFs, which have seen billions in net inflows. This strong institutional interest signalsgrowing confidencein the cryptocurrency sector, creating a risk-on environment that benefits more speculative assets.Historically, when Bitcoin breaks new ground, awave of optimismand retail investor interest tends to flow into the altcoin market. Dogecoin, with its massive brand recognition and strong community, often becomes a primary beneficiary of this trend. Investors, buoyed by Bitcoin’s performance, frequently look to memecoins for high-risk, high-reward opportunities.Read Also:The Bitcoin ETF Boom Is Here — But Is It Built To Last?This phenomenon of market-wide euphoria, led by Bitcoin, is aprimary driverof Dogecoin’s sharp price increase Friday afternoon, as a rising tide in the crypto market often lifts top altcoins.What Else:Dogecoin is a decentralized, open-source cryptocurrency thatoriginatedas a lighthearted joke in 2013. Created by software engineersBilly MarkusandJackson Palmer, the digital coin features the face of the “Doge” meme’s Shiba Inu dog as its logo.Despite its satirical beginnings, Dogecoin quickly developed a vibrant and active community, gaining traction as a currency for tipping online content creators and for small, fast transactions. Technically, it is based on the same underlying proof-of-work technology asLitecoin.Unlike Bitcoin, which has a finite supply, Dogecoin is inflationary, with a large and uncapped circulating supply, a feature intended to encourage its use as a currency rather than a store of value. Over the years, it has become one of the most well-known cryptocurrencies, often driven by social media trends and endorsements from high-profile personalities.Price Action:According to data fromBenzinga Pro, Dogecoin is trading higher by 5.7% to $0.2090 Friday afternoon.Read Also:Bitcoin, Ethereum, XRP, Dogecoin Go Parabolic As ‘Money-Making Season’ Gains SteamLoading...Loading...$DOGEDogecoin$0.21279.02%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum89.90Price TrendShortMediumLongOverview$BTCBitcoin$117689.001.43%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyNewsMarketswhy it's moving