Bitcoin's rising price towards $100,000 has led to a shift in focus towards altcoins, coinciding with the surprise resignation of SEC Chairman Gary Gensler. Altcoins, which are smaller and riskier cryptocurrencies than Bitcoin, have rallied alongside Bitcoin's recent gains. Dogecoin, in particular, has seen a significant increase in value due to increased interest after the US elections. While memecoins like Dogecoin are considered speculative, they represent the community-driven nature of the industry and act as a gateway for newcomers. Despite its rally, Bitcoin may face headwinds due to excessive leverage in the system. Altcoins offer a range of use cases beyond Bitcoin's narrative, and they could benefit from a friendlier regulatory environment. The memecoin boom could also benefit individual trading platforms like Robinhood.



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