But unlike Solana, which hit a new high of $293 in January, Dogecoin has gone years without hitting a fresh peak—and still has to climb 67% before it beats its 2021 all-time high.
The surge in major coins and tokens comes as Bitcoin, the biggest coin by market cap, made a brief jump above the $122,000 mark.
Bitcoin in July set a new high when it traded above $122,838. The leading cryptocurrency has risen modestly over the past day by about 1%, based on the current price of $121,237. But zooming out, Bitcoin has jumped by 6% over the last week.
Still, the flagship coin's gains pale in comparison to Ethereum's, which was also close to breaking a new record on Wednesday. The second biggest coin by market cap rose as high as $4,720 early Wednesday, just 3% off its 2021 record of $4,878.
Ethereum has surged 29% over the last week alone, pushing the coin higher amid a nearly 54% spike in the last 30 days.
$ETH's price has been fueled by investors fast piling into Ethereum ETFs—which started trading last year—and publicly traded companies pivoting to a crypto treasury model and buying up billions of dollars' worth of the digital coin.
British bank Standard Chartered said in a research note Wednesday that $ETH could reach as high as $25,000 by 2028.
Myriad users believe that $ETH will skip past its all-time high mark and hit $5,000 for the first time by the end of 2025, giving that a nearly 87% chance as of this writing. (Disclaimer: Myriad Markets is a product of Decrypt's parent company, DASTAN.)
decrypt.co
