Dogecoin, a popular cryptocurrency, is up by 11.01% in the last 24 hours, possibly due to Donald Trump’s increasing momentum in the US Presidential elections. Dogecoin is now trading at $0.1679 with a market cap of over $24 billion. The rise in Dogecoin’s value is attributed to Trump’s stance on key issues and Republicans voting in large numbers during early voting.
Elon Musk’s playful endorsements of Dogecoin, promising Department of Government Efficiency (D.O.G.E) if Trump wins, have also contributed to its success. In the short term, Dogecoin is expected to see a price of $0.160401 in the next 5 days, followed by a drop to $0.14133, which would result in a 13.12% dip on a monthly basis.
Dogecoin has gained 1.65% in the last 7 days and 53.52% in the last 30 days. Its market cap is now widening against Shiba Inu.
