Elon Musk Fuels Dogecoin Optimism with D.O.G.E. Vision, Driving Market Buzz
Elon Musk has once again ignited excitement within the crypto community, declaring, "The DOGE has real potential," during his appointment as head of the newly established Department of Government Efficiency (D.O.G.E). This statement, paired with his history of vocal support for Dogecoin, has sent waves across the market, propelling DOGE into the spotlight. Over the past 24 hours, DOGE's price rose by 2%, now trading at $0.3788, with a weekly surge of 80% reflecting strong bullish momentum. Further optimism was fueled by Musk's victory in the recently withdrawn lawsuit alleging market manipulation. Additionally, whale activity and Coinglass data reporting an 11% increase in futures open interest to $3.02 billion signal heightened investor confidence. While the price consolidates, Dogecoin remains poised for a significant move, capturing the keen attention of market participants.
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