Experts reveal the reason for the Dogecoin price rally following the Donald Trump statement about Elon Musk, meanwhile WallitIQ’s (WLTQ) ongoing presale has raised over $1 million in revenue.
Big news in the world of politics and cryptocurrency as President-elect Donald Trump, announced that Elon Musk and Vivek Ramaswamy will be leading the new Department of Government Efficiency (D.O.G.E). Since the popular meme coin DOGE shares the same name with the acronymized D.O.G.E., it has already seen a significant impact on the Dogecoin price following the Donald Trump announcement. Amidst this political changes, WallitIQ (WLTQ), an emerging AI token and crypto wallet is seeing growth on its first presale stage, recording over $1 million in revenue.
Elon Musk Set To Co-Lead Department Of Government Efficiency (D.O.G.E.) – What This Means for The Dogecoin Price
On November 12, Donald Trump officially appointed Elon Musk as the co-overseer of D.O.G.E. The crypto market has experienced a massive surge since the Donald Trump election win last week, including the Dogecoin price setting new monthly and weekly highs.
The Dogecoin price has already seen a significant surge in its market performance following the Donald Trump announcement of D.O.G.E. The Dogecoin price, with the endorsement of Elon Musk, has also jumped over 119% in the past week, to trade between a low of $0.2 and a high of $0.4. In a recent X post, Trader Tardigrade revealed the Dogecoin price 4-hour chart, which showed a flag consolidation that will potentially trigger a breakout to a new ATH.
This isn’t surprising, given that the influence of Elon Musk has already led to a significant increase in Dogecoin’s network usage, evident in its market cap spike to $59.78 billion. With Elon Musk at the helm of D.O.G.E., crypto enthusiasts expect some exciting developments in the market performance of the Dogecoin price. As the role of Elon Musk in the Donald Trump administration continues to evolve, many believethat the Dogecoin price could even rally to $1.
Conclusion
The Donald Trump election victory and Elon Musk endorsement will continue to influence the Dogecoin price performance.
