Close Menu
Cryprovideos
    What's Hot

    Bitcoin 3–5 Yr Holders Gradual Selloff—Ready for Increased Costs?

    June 4, 2025

    Consensys CEO Speaks Out About Ethereum's Pivot

    June 4, 2025

    Fundstrat’s Tom Lee Unveils Astronomical Bitcoin Worth Goal, Says BTC Witnessing ‘Big’ Provide-Demand Imbalance – The Every day Hodl

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Dogecoin Soars 120% in One Week as Trump’s Victory and Musk’s Help Enhance Meme Token
    Dogecoin Soars 120% in One Week as Trump’s Victory and Musk’s Help Enhance Meme Token
    Markets

    Dogecoin Soars 120% in One Week as Trump’s Victory and Musk’s Help Enhance Meme Token

    By Crypto InsightNovember 14, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Crypto Insight
    The Capital

    Dogecoin (CRYPTO: DOGE) has skyrocketed in a rally that’s taken even seasoned crypto watchers without warning. Over the previous 24 hours alone, Dogecoin surged by 23.6%, bringing its one-week acquire to greater than 120%. This dog-inspired cryptocurrency, born as a meme, has change into one of many greatest winners amid the crypto surge following the current Republican victories within the U.S. authorities. However what’s behind Dogecoin’s newest rally, and the place might it go from right here? Let’s discover the components driving this astonishing surge.

    The current election of Donald Trump has shifted the sentiment throughout numerous asset lessons, with the crypto market seeing notable good points. Trump’s return to the White Home, alongside together with his celebration gaining floor in Congress, has ignited curiosity in a number of digital property. Nonetheless, Dogecoin stands out amongst crypto winners, boosted by its distinctive connection to Trump supporter Elon Musk. Identified for his vocal help of Dogecoin, Musk gave DOGE a selected nod this 12 months, mentioning his intention to create a “Division of Authorities Effectivity” (DOGE) as a part of his help for Trump’s cost-cutting initiatives.

    Though the connection is playful, the affiliation has had actual monetary impression on Dogecoin’s worth. The meme token initially spiked earlier this 12 months when Musk hinted on the “DOGE” idea, and it has solely gained momentum since Trump’s victory was confirmed. Traders have come to count on Musk’s endorsements to maneuver markets, and Dogecoin’s surge this week confirms that sentiment stays sturdy. Regardless that Musk’s actual Dogecoin holdings are unknown, his affect on the token’s value is evident.

    The rally in Dogecoin has been supercharged by speculative buying and selling, with momentum driving costs increased and little signal of profit-taking to date. Whereas Tesla inventory skilled a 6% dip amid some profit-taking at the moment, Dogecoin has seen continued shopping for strain, whilst liquidations information from Coinglass exhibits a current wave of lengthy liquidations. For these intently watching Dogecoin, this exercise signifies that some traders are cashing in, although most appear to be holding onto their tokens in anticipation of additional good points.

    Crypto markets, significantly round meme tokens like Dogecoin, typically thrive on waves of enthusiasm and investor sentiment somewhat than conventional metrics. On this case, Dogecoin’s value motion mirrors the optimism surrounding Trump’s political comeback. For a lot of Dogecoin holders, Trump’s victory is perceived as an endorsement of a pro-crypto setting, and till market sentiment shifts, this optimism is fueling Dogecoin’s ascent.

    Dogecoin’s rally has been one to observe, with the meme coin’s efficiency vastly outpacing many different crypto property. Nonetheless, it’s important for traders to acknowledge that meme cash like Dogecoin typically expertise risky swings, and good points can flip into losses simply as shortly. Nonetheless, with Musk’s continued vocal help and the potential for a extra crypto-friendly regulatory setting beneath Trump, Dogecoin might stay a popular buying and selling car for speculators within the coming months.

    As all the time, Dogecoin’s future will depend upon the temper of the market and the impression of any information from its high-profile supporters. For now, Dogecoin’s meteoric rise is a testomony to the speculative fervor that usually defines the cryptocurrency market — particularly when the meme-powered vitality of Dogecoin is unleashed.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Sei Community Transitions to EVM-Solely Structure with SIP-3

    June 4, 2025

    Blockchain can finish the meals fraud disaster, nevertheless it’s a pricey battle

    June 4, 2025

    Ripple's Donations High $200 Million

    June 4, 2025

    Authorities Warn of Phony Textual content Messages Phishing for Delicate Info, Telling Victims Their Financial institution Account Is at Threat – The Day by day Hodl

    June 4, 2025
    Latest Posts

    Bitcoin 3–5 Yr Holders Gradual Selloff—Ready for Increased Costs?

    June 4, 2025

    Fundstrat’s Tom Lee Unveils Astronomical Bitcoin Worth Goal, Says BTC Witnessing ‘Big’ Provide-Demand Imbalance – The Every day Hodl

    June 4, 2025

    Ethereum and XRP steals highlight in each day positive factors after Bitcoin reclaimed $106k

    June 4, 2025

    President Trump’s Fact Social Goals For A Slice Of The Bitcoin ETF Market | Bitcoinist.com

    June 4, 2025

    'Existential Disaster': Bitcoin Quantum Computing Risk Is Quick Approaching, Consultants Say – Decrypt

    June 4, 2025

    Bitcoin Derivatives Reset: Impartial Funding And Whale Withdrawals Trace At Bullish Shift

    June 4, 2025

    US Debt Disaster Might Make Bitcoin the World's Reserve Forex: Coinbase CEO – Decrypt

    June 4, 2025

    BTC, DOGE, XRP holders earn $78,500 a day with Bow Miner. How do they do it?

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bitcoin Miners Are Hoarding Their Crypto Regardless of Plunge—Right here’s What It Means

    February 28, 2025

    36 Unauthorized Crypto Exchanges Shut Down in Kazakhstan Amid Ongoing Crackdown

    January 8, 2025

    Uniswap (UNI) Labs Companions with Fireblocks to Increase DeFi Entry for Establishments

    February 2, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.