The cryptocurrency market has once again experienced a wave of fluctuations, with the performance of DOGE being the most eye-catching. In the past 24 hours, the price of DOGE surged by 8.5%, pushing its market capitalization beyond the $40 billion mark, a phenomenon that has sparked speculation among investors about a potential collective rise of the MEME token sector.

Several factors may have driven this round of gains for DOGE. First, rumors are circulating that DOGE could become the next ETF asset, and this expectation may have attracted some large funds to position themselves early. Second, past experiences have shown that Tesla CEO Elon Musk's social media activity often has a significant impact on DOGE's price, and investors may be closely monitoring Musk's latest moves. Additionally, as Bitcoin's price has stabilized, some speculative funds may have shifted towards the MEME token sector, led by DOGE.

However, whether the rise of DOGE can drive the entire MEME token sector is still a question worth paying attention to. PEPE has shown strong performance recently, and if DOGE continues to rise, PEPE may follow suit. Although SHIB has made some progress in ecosystem development, it may require larger capital inflows to drive up the price. At the same time, the market is also watching for the emergence of new popular MEME tokens.

For investors, this market trend brings both opportunities and risks. Spot traders should pay attention to whether DOGE can stabilize above $0.15, while closely observing breakout signals from other MEME tokens like PEPE and SHIB. Futures traders need to be aware of the high volatility of MEME tokens and must set stop-loss orders to prevent severe losses from sudden price fluctuations. Another strategy is to buy some quality MEME tokens at low prices and wait for the upward opportunities brought by sector rotation.

Despite some positive signals in the MEME token market, investors should remain cautious. The high volatility of the cryptocurrency market means prices can change rapidly. It is important to conduct thorough research and risk assessment before making any investment decisions.