I encountered quite a few friends outside the circle who have great enthusiasm for DOGE. The reason sounds simple and straightforward: they believe that once Trump wins the election, Musk's influence will further amplify, and as the "Meme Lord" currency, Dogecoin will naturally take off.
To be honest, their logic does excite me a bit. This kind of thinking is quite common, but it feels more like market sentiment rather than a long-term strategy.
It is worth noting that Musk does not forget his identity as the "Dogecoin Godfather". With the US presidential election approaching, he once again publicly promotes Dogecoin. This morning at 10 AM, he tweeted sharing a photo of himself supporting Trump, wearing a "Make America Great Again" hat and raising his fist in excitement, while also sharing a similar picture of a Shiba Inu.
This original meme coin reached nearly $0.167 on Monday afternoon, marking the highest price in nearly five months. It last touched that price in early June, becoming the cryptocurrency with the largest increase among the top 100 by market capitalization.
As for the reasons why Dogecoin might rise sharply, multiple factors are involved, including economic policies, market sentiment, regulatory environment, and Trump’s historical relationship with cryptocurrency.
