Several reasons why DOGE may reach $1 this year!!!
Although DOGE was in great shape in November 2024, it has been a bit sluggish in recent weeks. You can see that it has fallen a lot on the daily chart, 14-day chart, and monthly chart. Fortunately, the weekly chart and annual chart are still doing well and have risen a lot.
Why did DOGE fall? In fact, it has something to do with Bitcoin. BTC fell below $94,000, and DOGE suffered as well. The US inflation rate has risen, and the Federal Reserve has taken a hawkish stance, making market participants uninterested in risky assets.
However, even though DOGE has fallen now, I am optimistic that it will rise to $1 in 2025! Why do I say that? There are three reasons.
First, President Trump announced the establishment of a Department of Government Efficiency (D.O.G.E.), and let Elon Musk and Vivek Ramaswamy lead it. Do you think the price of DOGE will not rise after this news comes out?
Second, I heard that DOGE will be included in the X payment platform. If this happens, DOGE will have more uses and the price will definitely go up.
Third, I think DOGE will be accepted by more people in 2025. You see, this meme coin is becoming more and more popular now, and with the US leaders becoming more and more friendly to cryptocurrencies, we may see a rebound in the entire cryptocurrency market!
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