TL;DR

• DOGE has been on a tear, with analysts predicting gains to as high as $2.
• The meme coin market cap has reached almost $130 billion, with Dogecoin leading the charge alongside strong performances from Shiba Inu (SHIB), Bonk Inu (BONK), Brett (BRETT), and Ponke (PONKE).

Is DOGE Gearing up for a Further Pump?

Dogecoin (DOGE) has been on fire in the past month, with its price skyrocketing by 170%. Last week, it tapped a three-year high of over $0.43, while currently, it trades at approximately $0.38 (CoinGecko’s data).

One element possibly contributing to its impressive performance is Elon Musk’s interaction. Tesla’s CEO promised to lead a division called the Department of Government Efficiency (D.O.G.E.) in Trump’s upcoming administration.

In his role, Musk is expected to reduce bureaucracy, cut government spending, and enhance efficiency. Not long ago, Trump confirmed the creation of D.O.G.E., describing it as “The Manhattan Project” of our time.

There are many analysts who believe the recent price resurgence of the leading meme coin is just the beginning  of a massive leap.Go to Source to See Full Article
Author: Dimitar Dzhondzhorov