Altcoin Season Inches Closer as Dogecoin (DOGE) Flips Porsche by Market Cap

Altcoins are surging and dominating headlines, with Dogecoin (DOGE) surpassing luxury automaker Porsche by market cap amid news of a DOGE ETP launch.

Top cryptocurrency altcoins have enjoyed another week of impressive gains, surging and dominating headlines as the highly anticipated altcoin season inches closer.

While Ethereum (ETH) gained over 7% in the past week and trades comfortably above $3,500, Large-cap altcoins such as Ripple (XRP), Cardano (ADA), and Stellar (XLM) enjoyed a week of double-digit gains.

Here are the top gainers and potential winners as the altcoin season approaches:

Dogecoin (DOGE)

Memecoin OG Dogecoin (DOGE) has made headlines since Donald Trump’s recent victory over Kamala Harris in the US presidential election. Over the past 30 days, DOGE has surged a whopping 194% and is now the 7th largest crypto with a market cap nearing $60 billion. After starting its journey in the industry as a joke, DOGE quickly became a household name, transitioning into one of the most profitable investment opportunities.

Dogecoin (DOGE) surged in popularity and value after Donald Trump’s election victory and the president-elect’s announcement of the Department of Government Efficiency, nicknamed DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.” Elon Musk and Vivek Ramaswamy will co-lead the newly created department.

DOGE is set to surge after DeFi Technologies introduced Valour Dogecoin (DOGE) ETP on Sweden’s Spotlight Stock Market. The ETP will allow retail and institutional investors to gain exposure to DOGE without directly owning the asset.

Amid Dogecoin’s increasing popularity and momentum, the token managed to flip luxury car maker Porsche’s market cap. With a market cap exceeding $58 billion, Dogecoin surpassed Porsche’s $56.1 billion market capitalization.

Cardano (ADA) Gains 25%

Cardano (ADA) is another major gainer since Donald Trump’s election victory. On-chain metrics show Cardano’s weekly active addresses elevated since the crypto market rally triggered by Trump’s win on November 6 began. The surge in network usage and whale buying activity has resulted in a bullish outlook for ADA.

ADA further surged after the Cardano blockchain developers, the Cardano Foundation, released an updated proposal for the Cardano Constitution to improve network governance. The revised proposal includes changes to constitutional workshops, social media discussion, and expert and community feedback. The changes aim to “improve the accessibility and clarity of the Cardano governance framework,” shifting its focus to a less technical audience.

Interest in Cardano (ADA) surged after its founder, Charles Hoskinson, revealed plans to help shape US crypto policy under Donald Trump’s incoming administration.

Cardano’s gained over 25% in the past week, currently trading at $1.00.

Cross-Border Payment Network Ripple (XRP) Continue As a Top Gainer

Ripple (XRP) has witnessed a spectacular gain in value after news of Gary Gensler’s planned exit surfaced. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which Ripple paid a hefty price.

In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP. Ripple finally found some relief after a partial victory in 2023 ended the SEC’s 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa Torres ruled that Ripple’s XRP token is “not necessarily a security on its face.”

XRP’s price gained over 29% in the past week with a bullish outlook.

Ripple received some further bullish news after Chris Giancarlo, former chair of the CFTC, predicted the SEC would drop its case against the company.

Husky Inu (HINU) Expected Surge Upon Exchange Listing

As BTC trades at a whopping $95,252 and top altcoins reach new heights, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that.

Husky Inu (HINU) is the latest Solana-based memecoin to grace the market. Husky Inu was created to bring its holders more value and utility by leveraging this powerful blockchain. The project and its native token, HINU, want to make their mark on the saturated memecoin market by building a supportive community with innovative features and enhanced rewards. Husky Inu recently launched the presale for HINU, and the fundraising has attracted a fair amount of attention. Since going live, the presale has generated over $575,000 and will soon reach its fundraising target.

Husky Inu is working on some