Dogecoin (DOGE) has surged more than 20% in the last 24 hours, reaching $0.47, following renewed enthusiasm sparked by Elon Musk's recent moves. Musk's naming of his department D.O.G.E. has solidified his influence over the memecoin and pushed its price higher. DOGE is approaching a crucial resistance level of $0.50, and analysts are optimistic that it could reach its previous all-time high of $0.72. If DOGE breaks through these levels, the milestone of $1 could be within reach. DOGE is one of the most actively traded cryptocurrencies, with potential for further growth in the short term.



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