Crypto traders are betting on a bitcoin “Santa Claus rally”

Dogecoin, the meme coin beloved by Elon Musk with a market capitalization of $16.5 billion, is outpacing its peers bitcoin and etheruem in the last 24 hours, jumping nearly 9% to trade at nearly $0.11.

Also among the top 10 gainers in the period are ethereum-based dog token shiba inu and solana-native canine coin bonk, each increasing over 3%, data from CoinGecko shows.

In another positive sign for the meme coin, dogecoin ETFs have only recorded monthly inflows since their November listing, bringing in a cumulative net flow of $9.6 million, according to SoSoValue.

However, traders expect dogecoin to trade lower soon. Prediction market-implied odds of the cryptocurrency sliding below $0.08 stand at 76% on Wednesday morning.

The price floor (the lowest possible acquisition cost) of many NFTs has pushed higher recently, but sales volume has not picked up.

In the last seven days, ethereum-based collection CryptoPunks has increased more than 19% to a floor price of nearly 31 ethereum, worth over $70,000, while Bored Ape Yacht Club NFTs have jumped 26% to 9.5 ethereum, or $21,692, according to analytics platform NFTPriceFloor.

Pudgy Penguins has increased 20%, Chromie Squiggle has rallied 29%, and anime-inspired Azuki has gained over 44% in the period.

Zooming out, however, the ongoing rally has not coincided with growing trading volume. Weekly sales volume since last April has been on a gradual decline, per data aggregator CryptoSlam, suggesting narrow enthusiasm underpinning the price upswing.

While these once popular NFTs have seen their price floors rise recently, they are far from the heights they reached when they starred in the 2021 crypto cycle. For example, DJ and producer Steve Aoki purchased seven Bored Ape Yacht Club NFTs for more than $800,000 five years ago, but those NFTs at the collection’s price floor are worth $152,000 today.

Elsewhere, NFTs representing graded “Pokémon” cards are gaining traction. Collector Crypt, a solana-based venue that enables users to trade tokenized “Pokémon” cards, has earned between $2 million and $3 million each month in 2026. Its native token, CARDS, has jumped 94% in the last seven days, data from CoinGecko shows.