CandleFocus Dogecoin, Dogelon Mars predictions: what next for DOGE, ELON?
2024-11-11
Author: Content Editor
The price of Dogecoin (DOGE) and Dogelon Mars (ELON) has remained in a strong bullish trend as Bitcoin reached a new record high. DOGE soared to its highest level since October 2021 and has seen a 375% increase from its lowest level in 2023. Its market cap now sits at over $42 billion. Similarly, ELON reached its highest level since April 2024. The strong bull run is attributed to Donald Trump's election win and the belief that the new administration will be bullish for cryptocurrencies. Elon Musk's influence on promoting Dogecoin has also contributed to the surge, as has the Federal Reserve's decision to unwind interest rates. Technical analysis suggests that both tokens have formed bullish patterns and could continue to rise, with some analysts predicting that DOGE could reach $5 in the coming months.
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