Musk has made a big move on social media! He said he wants to reclaim the title of Dogecoin's father and predicts that Dogecoin will experience a new wave of rises. Let's wait and see if he can deliver on his words!
Dogecoin has been incredibly popular lately, rising 175% in just one month, directly crashing into the top ten by market cap. An analyst predicts that this is just the starting point for Dogecoin's rise, and it could reach a historic high in the future!
Looking at the news on Twitter, it seems that the market cap is breaking through a bullish threshold. If it really breaks through, Dogecoin could rise another 120%, reaching a peak of $0.82, provided it holds the support line at $0.37.
Good news is also coming from Binance, where 73% of traders are going long on Dogecoin, and everyone is optimistic about its rise. Speaking of which, Dogecoin's popularity can be attributed to Musk, the "king of promotion," who occasionally mentions it on social media.
Musk has again claimed to be the father of Dogecoin. Remember when he said this on a show and then Dogecoin skyrocketed to its historic high of $0.73? Although the price has since retreated, the future looks promising!
Trump has also joined the excitement, saying that Republican politicians have always had their eyes on Dogecoin. He also supports cryptocurrencies, stating that they should be well-regulated to make the American crypto industry thrive.
Overall, Dogecoin is currently in the spotlight, and whether it can reach new highs remains to be seen!
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