Main Factors Affecting Dogecoin Price
Social Media Influence: Especially remarks by Elon Musk have a significant impact on Dogecoin's price, as his tweets often trigger sharp fluctuations in Dogecoin's value.
Market Acceptance: An increasing number of merchants are starting to accept Dogecoin as a payment method, which enhances its practical use and value.
Technological Advancements: The Dogecoin team is committed to improving its efficiency and scalability, and future protocol upgrades and technological advancements will attract more long-term investors.
Market Sentiment and Investor Confidence: Dogecoin's price is highly volatile and is influenced by market sentiment and investor confidence.
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