Are Altcoins Back? Doge, Sol, Eth Lead The Charge Amid Bitcoin’s $90k Comeback
2025-04-23
After weeks of listless movement, the crypto markets are roaring back to life, and this time, it’s not just Bitcoin soaking up the spotlight.
As BTC rockets past $91,500, altcoins are making aggressive upward strides—led by Dogecoin, Solana, and Ethereum, which are outperforming even the market leader in 24-hour gains.
Dogecoin: Memes Still Move Markets
Once again, Dogecoin proves its staying power. The coin, often dismissed as a cultural relic, is up nearly 9% in 24 hours, trading at $0.172.
Though it remains below its April high and well off its euphoric $0.48 mark from December, the latest spike suggests DOGE continues to ride sentiment waves with uncanny precision.
Its move comes amid renewed meme coin enthusiasm, bolstered by retail re-entry and marketwide liquidity.
Whether this is a transient bounce or the start of a broader rally remains to be seen, but Dogecoin’s resilience in the meme economy is once again on full display.
Also read: List Crypto Whales Buy Altcoins on April 2025 After Market Crash
Ethereum: Green Shoots After A Brutal Slide
Ethereum (ETH), still nursing wounds from a prolonged downturn, is up 8% on the day, currently at $1,703. It’s a needed reprieve for ETH bulls after a 15% drop over the past month and a staggering 47% decline year-on-year.
Ethereum’s bounce is tied to renewed interest in L2 scaling networks and ecosystem upgrades in progress, though skepticism lingers about how soon those changes can materially affect price.
Nonetheless, ETH remains the lynchpin of DeFi, NFTs, and smart contract innovation, and its current upswing reflects broader optimism returning to the foundational infrastructure of Web3.
Solana: Momentum Builds Behind The Rebound
Solana (SOL) has reclaimed territory fast, currently at $145, just a dollar shy of its monthly high.
The token has gained 6% on the day and an eye-catching 37% over the past two weeks, reinforcing the narrative that it may be one of the strongest comeback stories of this cycle.
While still contending with questions around decentralization and downtime history, Solana’s network improvements and expanding DeFi and NFT usage are fueling interest from both developers and investors.
It has now flipped several rivals in TVL rankings, and its price action suggests growing conviction in its recovery arc.
Also read: Altcoin Season Index: A Guide to Understanding Altseason Trends
The Altcoin Landscape: Broad-Based Green
Elsewhere, Sui (SUI) surged 11%, Immutable (IMX) spiked 16%, and Fartcoin—yes, really—exploded 20% to become the leading meme token on Solana, overtaking Bonk in market cap.
Meanwhile, XRP posted a more modest 3% increase, holding firm at $2.15.
The altcoin revival isn’t limited to top caps—smaller tokens across gaming, DeFi, and meme sectors are showing aggressive upward movement.
This breadth hints at a renewed risk appetite, often a leading indicator of bullish sentiment cascading through retail channels.
Macro Influence: Trade War Tensions Loosen
Markets rallied despite global uncertainty. Crypto’s surge comes after weeks of sideways action, initially sparked by volatility tied to Trump’s tariff-driven trade standoff with China.
However, investor sentiment improved sharply this week on hopes of easing tensions and macro recalibration.
Bitcoin’s rise—up 8% on the week and 18% over 14 days—has lent strength to the broader ecosystem, with altcoins finally catching up.
As of now, crypto assets are rising while traditional equities remain under pressure, indicating a potential decoupling as investors hedge geopolitical risk with digital stores of value.
Also read: What Is the Altcoin Season Index and Why It Matters Right Now
Conclusion
Today’s surge paints an encouraging picture for altcoin markets, but the question remains: is this the start of a sustainable rotation, or just another short-lived relief rally?
With liquidity returning, macro fears softening, and meme momentum reigniting, the groundwork is there. But the next few days will be critical.
Sustained gains, volume retention, and network activity will tell the true story of whether altcoins are back for real—or just taking a breath before the next wave of volatility hits.
FAQ
1. Why are altcoins rallying now, and how does it relate to Bitcoin’s surge past $91,500?
Altcoins are gaining momentum as part of a broader market resurgence led by Bitcoin’s breakout. With BTC up 8% on the week, investor confidence is spilling into high-beta assets like Ethereum, Solana, and Dogecoin. The rotation signals renewed risk appetite, often seen when macro tensions ease and retail liquidity returns—factors currently aligning in crypto’s favor.
2. What’s driving Dogecoin’s latest price spike, and is it sustainable?
Dogecoin has jumped nearly 9% in 24 hours, driven by a renewed wave of meme coin enthusiasm. While still far from its historic highs, DOGE’s ability to track retail sentiment makes it highly reactive to broader meme ecosystem activity. Whether this marks a sustained move or a sentiment-driven blip will depend on volume continuity and retail participation over the coming sessions.
3. How significant is Ethereum’s bounce after months of decline?
Ethereum’s 8% rebound to $1,703 offers a much-needed breather after a brutal month. While macro conditions and interest in L2s contribute to its short-term boost, long-term recovery depends on ecosystem upgrades translating into utility-driven growth. For now, ETH remains a key barometer of Web3 infrastructure health—and its recovery hints at foundational optimism returning.
4. Why is Solana being highlighted as a standout in this altcoin revival?
Solana’s rise—up 37% over two weeks and now at $145—is being powered by both improved network performance and aggressive DeFi/NFT adoption. Though questions persist around its decentralization, Solana’s growing total value locked (TVL) and active developer base suggest real momentum. It’s one of the few major altcoins showing conviction-led recovery rather than pure speculation.
5. Is this altcoin rally part of a larger trend, or just a temporary uptick?
The breadth of gains—across meme coins, DeFi, and gaming tokens—hints at a structural rotation, not just a relief bounce. Tokens like SUI, IMX, and even Fartcoin are seeing double-digit gains, suggesting speculative appetite is spreading. However, without sustained volume and on-chain engagement, the rally risks fizzling. The coming days will reveal whether this is trend formation or short-term euphoria.
Disclaimer: The content of this article does not constitute financial or investment advice.
