$DOGE
Dogecoin "Destiny Code": Why December 5th Becomes a Key Day for Price Change? Alarm!
Dogecoin (DOGE) has been popular recently, with prices soaring by more than 330% in six weeks, but then it has been fluctuating in a range and stabilized.
At the beginning, this craze was because everyone bet that Donald Trump would win the US presidential election, which was called the "Trump Trade".
After Trump was elected, the popularity of Dogecoin continued to rise because of a department called "Government Efficiency Department". This is actually wrong. The original text may be trying to express a fictitious or exaggerated concept, because there is no department called DOGE in reality. The department was led by Elon Musk, a die-hard fan of Dogecoin.
Everyone is staring at December 5th, thinking that Dogecoin may have a big move. Why? Because Musk and a man named Vivek Ramaswamy will go to Washington, DC on that day to talk to congressmen about their proposal. This proposal is supported by the Ministry of Government Efficiency, which may have a great impact on the price of Dogecoin.
Speaking of which, once this "Ministry of Government Efficiency" (actually still a misunderstanding) is associated with Musk, Trump and others, the price of Dogecoin has soared. At the beginning, Musk said that he would support Dogecoin, and the price rose by 15%. Later, they held activities and sent messages, and the price rose by another 120%. In addition, everyone talked about Dogecoin on social media and donated money to related political activities, and the price rose by another 10%.
December 5th is really critical. It is said that Musk and Ramaswamy will discuss how to reform with the bigwigs in Congress, such as cutting government spending and closing some departments. Whether these ideas can be realized depends on whether Congress agrees.
This has a great impact on the price of Dogecoin. The government has taken action and Musk is so supportive, and the status of Dogecoin in everyone's mind has been improved. Now everyone is waiting for the result on December 5th, and trading volume and speculation will definitely increase.
Simply put, Dogecoin has recently seen a sharp rise in price due to the relationship between Trump and Musk. Now everyone is waiting to see whether Musk's proposal will be passed on December 5th, which may affect the future price trend of Dogecoin.
