Dogecoin is on fire! Musk tweeted a sentence, and it soared 6.8% in 24 hours!
Dogecoin has recently made the most money among the top 40 cryptocurrencies, thanks to Elon Musk. Musk made Dogecoin popular with a sentence on Twitter. He said that California officials did not allow his SpaceX to launch more rockets, but "D.O.G.E." could solve this problem. However, the D.O.G.E. he was talking about here is actually Trump's idea of a government efficiency department. Trump also said that if he became president, he would let Musk run this department.
Dogecoin responded to Musk's tweet very well, rising 6.8% in just 24 hours and 17% this week. Now one Dogecoin can be sold for $0.1236. Think about Musk's impact on Dogecoin in 2021. If Trump really wins the election, Dogecoin may continue to soar.
Musk and Bitcoin have pushed Dogecoin to new heights. Although the price of Dogecoin has been quiet before, it has finally started to rise, and investors and holders are very happy. Moreover, Bitcoin has also risen sharply recently, which is also good for Dogecoin. Now that Dogecoin has this momentum, the price should be able to stabilize, and it may continue to rise.
However, although some people predict that the price of Dogecoin will fall at the end of the month, I don’t think so. You see, the number of active addresses of Dogecoin has reached the highest peak this year, which shows that the user support rate is very high and everyone is using Dogecoin. Therefore, according to the current situation, Dogecoin and other crypto assets are expected to rise sharply.
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