Dogecoin (CRYPTO:DOGE) surged by 8% to surpass $0.16, reaching a market cap of $24 billion and solidifying its position as the ninth-largest cryptocurrency.

The overall meme coin sector experienced a significant boost, with DOGE leading the pack, followed by Shiba Inu (CRYPTO:SHIB), Pepe (CRYPTO:PEPE), and Bonk Inu (CRYPTO:BONKI).

Key metrics for DOGE, such as daily transaction volume and active addresses, have shown positive growth, with whales holding 63% of its supply and 86% of holders in profit.

Analysts anticipate further gains for DOGE, citing a potential "macro uptrend" in the cryptocurrency market.