🔔 Top News
1️⃣ Elon Musk ignites the DOGE market again:
With a tweet with the caption “No way out of Doge,” Musk created a buzz that sent DOGE’s price soaring immediately.
Musk, known as the “godfather of Dogecoin,” has continued to support the currency through his influential statements and plans.
2️⃣ Launching the Dogebox initiative:
The Dogecoin Foundation has announced Dogebox, an innovative payment system that aims to bring one million merchants worldwide to accept DOGE as a payment method.
The project aims to develop the infrastructure for decentralized payment, which increases the chances of adopting the currency.
3️⃣ Institutional support and major contributions:
The project has received huge contributions from prominent figures such as Vitalik Buterin and other donors to boost developments.
📊 DOGE price technical analysis:
📈 Recent High: $0.48 (Nov 23).
📉 Decrease after correction: -15%, reaching $0.39, an important support level within the "ascending triangle" pattern.
December price target: $0.58 (+45% from current levels).
Potential to reach $1: Possible by the end of 2024 based on current momentum and continued support.
🔑 Factors affecting the rise:
🐾 Elon Musk's tweets have a positive impact on the price.
📦 Dogebox initiative to boost commercial adoption.
🏦 Support the institution and develop the infrastructure.
⚠️ Challenges:
📉 Continued selling pressure after the price rise.
❓ Global market fluctuations and their effects on DOGE.
