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Dogecoin, Solana, XRP Lead Post-Thanksgiving Gains As Bearish Sentiment Wanes

DOGE is up by a double-digit, while XRP has gained by 7% in the last seven days. The overall crypto market valuation is up as tokens recover post-FTX collapse.

Dogecoin’s native token, DOGE, gained 25% to an intraday high of $0.109 to become the top gainer on Thanksgiving- data from CoinMarketCap shows. The Elon Musk-supported DOGE added 30.77% in the past week from a low of $0.07 on rumours that Twitter is set to release its highly anticipated payments feature.

XRP, Dogecoin, Solana and Ether also saw a recovery as negative sentiment caused by the FTX fall cooled off. ETH added 3.5% to an intraday high of $1,217 in the same period. Overall, the market valuation was up 1.2% in the last 24 hours at $842 billion at the time of this writing.

Despite SOL’s rosy gains, the token is on a sharp correction year-to-date. The hybrid proof-of-history and proof-of-stake digital asset has dropped by 91% from its all-time high – a significant drop aggravated by the monumental FTX collapse.

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