CandleFocus Who Let the Doge Out? Dog-themed Meme Coins Spike on Trump, Fed-fueled Rally
2024-11-11
Author: Content Editor
The price of Dogecoin (Doge) reached $0.29, its highest point since October 2021, following investor confidence boosted by the election of President-elect Donald Trump and potential reductions in corporate taxes and deregulation. Trump has promised to protect crypto mining interests and take a lighter approach to crypto regulation, which has led to increased interest in meme coins such as Doge and others. Other meme coins like Shiba Inu (SHIB) and Floki Inu (FLOKI) have also seen significant increases in value. Dogelon Mars (ELON) and Baby Doge Coin (BABYDOGE) have experienced smaller price increases but remain below their all-time highs.
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