🚨Dogecoin Soars, Musk Regains the Title of "Father of Dogecoin", Igniting Market Frenzy!
Musk announced with shock on his social platform that he will regain the honor of being the "Father of Dogecoin", asserting that this will be the key force propelling DOGE (Dogecoin) to new heights. What kind of market impact will this change bring? Let's wait and see.
Recently, DOGE has shone brightly in the market, with a remarkable monthly increase of 175%, successfully ranking among the top cryptocurrencies by market capitalization. A well-known analyst published a study on the X platform indicating that the upward trend of Dogecoin is just the tip of the iceberg, and it is highly likely to break historical records in the future. According to data from Ali Charts, if Dogecoin can successfully break through key price levels, its value could see a leap of 120%, rising to a high of about $0.82. However, achieving this goal requires maintaining support above $0.37.
Data from Binance Exchange reveals the optimism of investors, with about 73% choosing to go long on Dogecoin, showing their strong confidence in the continued rise of Dogecoin prices. This positive atmosphere is largely attributed to the sustained attention and support from Tesla CEO Elon Musk.
It is worth mentioning that Musk recently reaffirmed his identity as the "Father of Dogecoin". This nickname originated from a Saturday Night Live episode in 2021, when DOGE’s price soared to an all-time high of $0.73. Although the current trading levels still have a gap compared to this, market confidence is strong.
In addition, the former President of the United States, Trump, has also attracted attention for his stance on cryptocurrencies. He stated in a statement that Republican politicians have always supported the development vision of "DOGE". Ahead of the upcoming elections on November 5, Trump has pledged to support the cryptocurrency industry and is committed to promoting the prosperity of this sector in the U.S. through strengthened regulation.
Musk's call effect not only stirs the market but has also repeatedly become the ignition point of bull markets. In the future, we can continue to pay attention to ρꪊρρⅈꫀડ, if he continues to promote new concepts, perhaps the next explosive currency will truly be born.
