Imagine that your Dogecoin suddenly skyrockets like a rocket, and you just sit back and watch your assets double, then double again... Will this scene really become a reality?
Recently, Dogecoin is really gaining momentum! Amid the election frenzy, this meme coin actually rose against the trend, breaking $0.168 at one point, with an increase of 10.5%! It's worth noting that the entire crypto market fell by 1% yesterday, but DOGE rose 17% in two weeks and skyrocketed 54% in the past month!
Behind all this, there is one person - Elon Musk! He is not only a long-term supporter and holder of Dogecoin but also an active participant in Trump's campaign. To support Trump, Musk generously donated $118 million to a super political action committee. In return, Trump expressed that if he is elected again, he will let Musk lead a committee to improve government efficiency and even personally named it an interesting name - 'Department of Government Efficiency (D.O.G.E.)'.
But that's not all, Musk has also made a big move in Pennsylvania, operating a daily lottery worth $1 million, specifically targeting the public who signed petitions in swing states. This is simply a real-life 'politics + crypto' feast!
So, can Dogecoin really soar? From a technical perspective, the relative strength index of Dogecoin has reached 70, showing a very good upward trend. Even more bullish is that the 30-period moving average of DOGE has just formed a 'golden cross' with the 200-period moving average, which is an important signal indicating a breakout!
However, the market is always full of uncertainties. If Trump wins, Dogecoin may experience a brief correction as some whales might take the opportunity to cash out. But don't worry, Dogecoin will rebound quickly and continue to rise for the remaining time this month. If Harris wins, Dogecoin may fall harder than other top 100 coins, as it has greatly benefited from Musk's relationship with Trump!
So, friends, are you ready? It's time to seize this once-in-a-lifetime opportunity and let your Dogecoin soar! Let's look forward to this crypto feast together!
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The above content is for informational sharing only and does not constitute any investment advice! Investment carries risks, and one should be cautious when entering the market!
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