DOGECOIN! TIME FOR A SHOW AROUND THE CORNER.Hello traders, after a long break, time to dust off your wallets ;)
We are starting the race for the best currency after Bitcoin.
DOGE takes second place in the top ten, after Goatseus Maximus, a cryptocurrency promoted by artificial intelligence, which has risen by over 40%.
It is worth noting that dogecoin peaked at $0.2156, the highest since early April. At this peak, this meme coin saw an increase of over 51% from its lowest level last Sunday.
The reason dogecoin is doing so well is that Elon Musk, the CEO of Tesla (NASDAQ:TSLA), X and Space X, has become one of Donald Trumpβs most vocal supporters in recent weeks.
Musk has often said that dogecoin is his favorite cryptocurrency. The billionaire also designed the Department of Government Efficiency, a new government agency aimed at making the US bureaucracy more efficient, with the acronym DOGE in a deliberate nod to the meme coin.
It is therefore possible that DOGE will continue to rise if Trump's victory is confirmed and the Department of Government Efficiency becomes a reality. In the meantime, volatility may accompany us.
considering the time since the Bitcoin halving, which is 6-7 months, we can count on some earnings with great certainty/
- Of course, this is not an encouragement to invest, but only a curiosity.
Regards and I encourage you to follow.