Created in 2013 as a joke based on a popular Shiba Inu meme, Dogecoin has evolved into a serious contender in the crypto world.
Recently, Dogecoin surged almost 50% within just five days, outperforming major cryptocurrencies like Bitcoin and Ethereum.
Following Trump’s win in the 2024 U.S. election, Dogecoin skyrocketed by 145%, stirring excitement among investors.
Elon Musk’s tweets and support for Dogecoin have historically caused price spikes, and his continued endorsement is a major driver of its popularity.
Investors see Trump’s victory as potentially positive for crypto regulations, sparking hope that crypto markets may become more accessible and profitable.
Experts highlight that Dogecoin has entered a “Golden Cross” phase, indicating potential for further growth if the market momentum holds.
Speculation surrounds a potential collaboration between Trump and Musk on a "Department of Government Efficiency" project, which could further boost Dogecoin's profile.
Dogecoin's surge has lifted other cryptos, with Cronos up 185% and Cardano up 80%, showing that a Dogecoin rally often benefits the broader crypto market.
Although Dogecoin hasn't yet surpassed its all-time high of $0.7376, many experts see continued support from public figures as a catalyst for future growth.
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