๐จ๐ Dogecoin to Hit $4? Elon Musk Fuels Optimism with โD.O.G.E.โ Statement! ๐๐จ
Elon Musk has once again captured the spotlight, igniting excitement in the Dogecoin community and beyond. His latest comment on the Department of Government Efficiency (D.O.G.E.) has stirred the broader crypto market. Hereโs a breakdown of the buzz:
๐น Muskโs Statement That Sparked It All
On November 16, Musk posted: โStarting to feel like The DOGE has real potential.โ
This followed his appointment as the head of the Department of Government Efficiency (D.O.G.E.), alongside V. Ramaswamy, under the newly re-elected President Donald Trump.
๐น Government Reform & Crypto Speculation
The Department of Government Efficiency aims to introduce reforms across the U.S. government.
Muskโs connection to the department has drawn attention due to his past advocacy for Dogecoin, fueling speculation about DOGEโs role in innovative projects.
๐น Market Reactions
DOGE price rallied over 200% in the past month, despite currently consolidating.
Recent gains of 2% in 24 hours pushed the price to $0.3788, with highs of $0.3899.
Weekly performance soared by 80%, reinforcing bullish momentum.
๐น Investor Optimism Growing
Futures Open Interest (OI) for Dogecoin rose 11% intraday, hitting $3.02 billionโa clear sign of increased investor interest.
Whales have also been actively buying, adding to the optimism.
๐น The Lawsuit Withdrawal
Investors recently withdrew a lawsuit alleging Musk manipulated Dogecoinโs price, further boosting sentiment around the meme token.
๐น $4 Price Target
Crypto expert Ali Martinez predicts DOGE could hit $4, citing historical trends and market momentum tied to Trump and Muskโs influence.
๐ญ Whatโs Next for DOGE?
While consolidation continues, analysts and the community alike remain bullish. Could Muskโs influence and the D.O.G.E. initiative catapult Dogecoin to $4?
๐ Drop your thoughts belowโare we heading to the moon? ๐
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