Will DOGE Reach $5 Before Trump’s Inauguration, or Does This $0.15 Competitor Have a Better Shot? | Bitcoin

Driven chiefly by recent events involving President-elect Donald Trump and his endorsement of Elon Musk’s suggested Department of Government Efficiency (D.O.G.E.), Dogecoin (DOGE) has seen a significant increase in market activity. This action and Musk’s ongoing backing of DOGE—including payments through his company’s Tesla products—have increased memecoin demand.

DOGE is currently surfing a wave of market hope. Its price has increased by 2.2% over the past month; daily charts show a 4.9% gain, and over 14 days, it shows a 3.5% increase. DOGE has demonstrated an impressive 331% increase since December 2023, while recent price dips of 5.2% over the past week point to potential investor profit-taking.

Bitcoin’s recovery from the $100,000 level has also helped DOGE’s surge. Anticipating that his pro-crypto policies would help the industry even more, market players aligned…more

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