Musk triggered a 25% increase in the DOGE rate
On January 4, the Dogecoin rate reached $0.39, and the weekly increase was 25%. This was facilitated by Elon Musk's recent renaming of his X profile.
The rally caused an influx of new funds amounting to $790 million.
Indicators signal a great potential for DOGE, and traders are watching to see if DOGE can maintain its momentum and break through the resistance of $0.40.