Dogecoin (DOGE) holders are excited that Elon Musk could make an entry into politics, by creating the Department of Government Efficiency – or D.O.G.E. On the other hand, as speculations take shape, a new crypto project DTX Exchange (DTX) is quickly becoming a hot topic. This new hybrid exchange is not only something different, it is set to be the new force in traditional and decentralized finance.
🔶Dogecoin (DOGE): The Memecoin With Musk’s Backing
As a pioneering memecoin and a favorite of retail investors with an association to Elon Musk, Dogecoin remains a constant favorite. The simultaneous playful origins combined with Musk’s ongoing support make a good little narrative for DOGE’s growing popularity.
Claiming the number 6 position, DOGE’s 240% increase over the last month hasn’t gone unnoticed. Dogecoin is currently trading at around $0.37, rallied strongly this year, as investors grow increasingly attracted to the cryptocurrency as it approaches a potential target of $2. However, if Musk actually enters government, his effect may mean Dogecoin is even nearer to that milestone, especially with more publicity and a probable rise in demand.
🔶Conclusion
Although Dogecoin’s skyrocketing to $2 is possible
