Dogecoin (DOGE) performed quite well in October 2024. Although there was a 0.5% correction on the daily chart, the asset rose 4.8% on the weekly chart and 3.2% on the 14-day chart, up nearly 40% compared to last month. Since November 2023, the price of DOGE has also increased by 120.8%. One of the most important reasons for DOGE's rise is Elon Musk's plan to establish a Department of Government Efficiency under Donald Trump's leadership. The new department may be abbreviated as DOGE. Analysts expect that if Trump wins the upcoming election, the entire market will rise.
According to well-known cryptocurrency analyst Ali Martinez, if Dogecoin (DOGE) can break through the $0.169 barrier, its price may skyrocket to $0.20. Reaching $0.20 from the current price level would mean an increase of about 33.3%. If Donald Trump wins the upcoming U.S. presidential election, the price of DOGE may suddenly rise in the coming days.
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