Hedera (HBAR), Dogecoin (DOGE), and DTX Exchange Soar in This Bull Run

Hedera (HBAR) has taken the crypto market by storm, surging almost 160% in the past week, including a 30% rally in the last 24 hours

Hedera (HBAR) has soared almost 160% in the past week, including a 30% rally in the last 24 hours, currently trading at $0.144. This meteoric rise follows speculation around Brian Brooks, a Hedera board member, being nominated as the next U.S. SEC Chair.

The buzz began after Donald Trump hinted at replacing Gary Gensler, a polarizing figure in the crypto world, with Brooks, who is known for his blockchain expertise. Previously, Brooks served as Binance US CEO and was nominated twice by Trump for Comptroller of the Currency.

If confirmed, his leadership could foster a more crypto-friendly regulatory environment, spurring optimism among investors. Hedera’s (HBAR) trading volume surged 244% to $2.06 billion, reflecting heightened market activity. The token’s market cap now stands at $5.3 billion, signaling strong momentum.

This price rally is also supported by recent collaborations and network advancements, cementing Hedera’s (HBAR) reputation as a robust public blockchain network. With Hedera (HBAR) up 171% for the month, the token continues to captivate the market as investors await further updates on Brooks’s potential appointment and the ETF filing.

Meanwhile, Dogecoin (DOGE) price rose over 5% in the past 24 hours to trade at $0.3918, outpacing the broader cryptocurrency market, which saw a modest 0.9% rise. Several technical and on-chain metrics suggest that Dogecoin could be primed for new all-time highs in the coming weeks.

Dogecoin’s bullish momentum has been fueled by heightened interest following U.S. President-elect Donald Trump’s victory and his announcement of the Department of Government Efficiency (D.O.G.E.), with Elon Musk and Vivek Ramaswamy appointed to lead it. Known as the "Doge Father," Musk’s involvement has amplified retail and institutional interest in DOGE.

Onchain data reveals that Dogecoin whales—addresses holding between 10 million and 100 million DOGE—accumulated approximately 140 million DOGE worth $56 million between Nov. 17 and 18. This accumulation followed a brief market correction, indicating large investors are positioning for higher future DOGE prices.