Dogecoin's recent increase in whale activity has sparked speculation about a major rally for the meme coin. Trading volumes for DOGE have risen nearly 20%, and this increased demand and reduced circulating supply could lead to a price increase. Influencers like Elon Musk and global political events could further contribute to its rise. Despite Bitcoin's price swings, Dogecoin has been trading between $0.31 and $0.41 since January 1. The meme coin is currently priced at around $0.37 and has seen a surge in trading activity, attracting smaller investors as well. The inauguration of Donald Trump as President and Musk's involvement in his administration could also benefit Dogecoin. However, a controversial lawsuit is being prepared against the newly formed DOGE department. Despite its volatility, the growing support from influential figures and large investors could lead to a price surge in the near term.



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