Crypto Markets launched a new week at Green, with Altcoins leading the price on Monday morning.
Dogecoin The market capitalization, which increased 3.4% at the time of writing, made it the best performance out of the 10 biggest digital assets.
Meme Coin’s performance can be linked to the news that billionaire Dogecoin Fan Elon Musk is set up a new political party called the “American Party” and aims to provide an alternative to Democrats and Republicans.
Late night Tweet sessionthe wealthiest man in the world confirmed that his new platform would do so Accepting Bitcoin “Fiat is hopeless,” he failed to mention Dogecoin.
Elon Musk and Dogecoin
The musk and crypto world has long, complicated relationships with billionaires Affinity for Dogecoin A recurring theme.
Last year he proposed and led “Government Efficiency Bureau” The name formed the background of Doge tickers in Dogecoin.
Market movements on Monday could indicate that traders are hoping that there will be a dogcoin location in the masked party.
Solana Pops will pop following the release of ETF
Other powerful performers among major altcoins include Solana and EthereumThe number rose by 3.1% and 1.9% at the time of publication.
On Wednesday, funds were seen trading on an exchange offering exposure to Solana launch First in the US – Rex Sharing and Osprey Fund spokesman Decryption It generated an influx of $12 million on the first day.
Currently, the $SSK volume is $20 million, which is extremely powerful, with the top 1% in new launches. For context, $Solz did $1 million on the first day, which is pretty good. Additionally, the $25 million seed assets already have $SSK greater than $Solz. https://t.co/ibikxizeeq
– Eric Balchunas (@ericbalchunas) July 2, 2025
Bloomberg analyst Eric Balknass It’s attracting attention It had a “healthy trading start” that put the fund in the top 1% of new launches.
However, the Securities and Exchange Commission has not yet decided whether to give the ETF green light that tracks spot prices for SOL and other Altcoins.
Altcoins are pretty outperforming Bitcoin At the time of publication, the alpha code was relatively flat, up just 0.5% over the past 24 hours.
