Dogecoin (DOGE) has surged by 14% over the past 24 hours, reaching a four-month high of $0.1684 amid Bitcoin's rise.
Other memecoins like SHIB and PEPE also experience significant gains.
DOGE's performance is linked to community-driven support and periodic boosts from figures like Elon Musk.
While memecoins may see further gains as long as Bitcoin and Ethereum continue their upward trends, market corrections are common and caution is advised.