This would represent a huge development in the world of memes. Dogecoin DOGE is now aiming for a major breakout. The token has been able to achieve a significant breakthrough in the past week.
Crypto has been given a major boost by Elon Musk Once again, in recent weeks. Dogefather’s meme has once more risen in value with the Tesla CEO promising a role within Donald Trump’s government, if the ex-president does not win the November election.
You may also like: Elon Musk’s Doge Flex Sends Dogecoin Soaring
DOGE gains 6% on Monday, as trading volume explodes
Elon Musk sparked a sudden and unexpected growth in Dogecoin. In fact, Elon Musk had been looking for a role within the US federal government. The billionaire wanted to head a department that would ensure the government’s spending was acceptable. This function will be called the Department of Government Efficiency (D.O.G.E.).
The asset has been pushed higher by him once more. Dogecoin’s trading volume has risen by 95% as DOGE is surging. It is now up over 6% in the past 24 hours. CoinMarketCap. This is a further 18% increase over the past 30 days.
You may also like: $100 in Dogecoin 5 Years Ago: Here’s How Much It’s Worth Today
All eyes now are focused on the ability of the token to leverage its recent rally into an even more sustainable one. This asset will soon reach the critical $0.20 price mark. It would be a big factor in determining where DOGE will end up by the time 2024 is over.
Crypto market sentiment has been bullish. The asset at the top is a clear winner. Dogecoin should also surge if Donald Trump becomes president of the United States in 2024. Musk was promised a role, and Musk’s influence over the asset cannot be denied.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
