Dogecoin (DOGE) is holding steady at around $0.36, even as other major cryptos face volatility. This stability comes amid growing interest in digital assets, boosted by Donald Trump's election win, which could bring a more crypto-friendly regulatory environment. Elon Musk's ongoing influence also helps keep Dogecoin strong, despite no recent direct comments about it. His past support, along with his involvement in high-profile projects, keeps investors intrigued.
Originally a meme coin, Dogecoin has proven it’s here to stay, especially after a strong rally in 2024. Its low price and community backing make it a go-to for new crypto investors. The coin’s value has surged recently, climbing from $0.15 to $0.43 in a week, even overtaking XRP to become the sixth-largest crypto by market cap. This rally was sparked by Trump’s election win and Musk’s playful tweets about the new "D.O.G.E." department, further fueling the hype.