Dogecoin (DOGE) has recently received widespread attention, with prices soaring over 330% in six weeks, followed by a stabilization in fluctuations.
The initial price increase was related to market expectations of Trump's potential victory, believing that his election could bring about "Trump trade" opportunities.
After Trump's election, Dogecoin supporter Elon Musk established the "DOGE" government efficiency department, which has driven the ongoing enthusiasm for Dogecoin.
The market's focus is now on December 5, when Musk and Vivek Ramaswamy will go to Washington to discuss reform proposals with Congress. These proposals have received support from the "Department of Government Efficiency" and could significantly impact Dogecoin prices.
In the past, whenever events related to Musk or Trump occurred, Dogecoin prices typically surged quickly.
Click on the avatar to follow me for free sharing of bull market strategy layouts, various contract and spot position references, become my fan, and I'll help you get on board; you just relax!
For example, when Musk expressed support for Dogecoin, the price rose by 15%;
After related activities and statements were released, the price rose again by 120%;
Social media discussions and political donations pushed the price up by 10%.
The same news, the same layout, the same opportunities, the same price increase, fans first!
Whether the proposals on December 5 can pass will determine the future trend of Dogecoin.
Reform topics include cutting government spending and abolishing departments, and whether they can ultimately be passed depends on Congress's attitude.
If the reforms gain support and Musk continues to push, Dogecoin's market position is expected to improve.
The market is currently awaiting this key result, and it is expected that Dogecoin's trading volume and speculative activities will increase at that time.
