Dogecoin's price has increased by 10% in 24 hours, reaching over 12 cents, due to social media buzz and speculation about further endorsements from Elon Musk. Musk's recent donation to a political action committee supporting Donald Trump's campaign may have also contributed to the increased interest in Dogecoin. Traders anticipate that if Trump is re-elected, there could be even more attention and interest in Dogecoin. Musk has previously expressed support for Dogecoin and has teased the possibility of accepting it as payment for Tesla products.
- Content Editor ( coindesk.com )
- 2024-10-16
Dogecoin Price Surges 10% as Elon Musk’s 'Department of Government Efficiency' Gains Traction