š Good news for meme coin lovers! Dogecoin (DOGE) is back in the news with a price increase of 170% this month. In fact, last week DOGE touched its highest price in three years at $0.43, and is now stable at around $0.38. What's the secret? It might have something to do with Elon Musk planning to lead a new division called the Department of Government Efficiency (D.O.G.E.) in the Trump administration.
Analysts are optimistic that this is just the beginning. Ali Martinez predicts DOGE could rise another 120% to $0.82 if it can stay at $0.37. Some even predict DOGE could reach $2 by 2025! š¶
Not only DOGE, other meme coins such as Shiba Inu (SHIB) and Bonk Inu (BONK) have also skyrocketed. The market capitalization of meme coins is now almost touching $130 billion, a drastic increase from the beginning of November which was only $60 billion.
What do you think? Can DOGE continue to soar? Let's discuss in the comments column!
