CandleFocus Dogecoin (DOGE) Price Soars 22% in Hours: Here’s Why
2024-11-06
Author: Content Editor
The cryptocurrency market, including Dogecoin (DOGE), has experienced a significant surge following the US presidential elections. The price of DOGE increased by over 22% in just a few hours, reaching above $0.20. The rise in DOGE's price is linked to the increased chances of Republican candidate Donald Trump winning the election, with his odds reaching almost 90% on Polymarket. Dogecoin has been performing well over the past week, surpassing XRP to become the 7th-largest cryptocurrency by market capitalization. Traders anticipate Trump's victory and the creation of a Department of Government Efficiency (DOGE) by Elon Musk, which further boosted DOGE's price.
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