The Dogecoin price has experienced a massive pump, rising by a whopping 25% to lead current market gains. This notable increase comes on the heels of the United States Presidential election, where many crypto analysts view a potential Donald Trump win as an incredibly bullish outcome for the Dogecoin price. Moreover, Trump has publicly endorsed a new proposal by SpaceX and Tesla CEO Elon Musk to establish the Department of Governance Efficiency (D.O.G.E), fueling more positive market sentiment for the top meme coin. 

Dogecoin Price Soars 25% In One Day

In the last 24 hours, the Dogecoin price has shocked the meme coin and broader crypto market with a considerable value surge. This top meme coin has climbed by a whopping 25% and is continuously growing. 

The rapid rise in the price of Dogecoin to the $0.2 milestone aligns with the recent uptick in the crypto market, as top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are also seeing a significant upsurge. A combination of investor optimism regarding the potential establishment of Musk’s Department of Governance Efficiency and the US Presidential elections has led to the recent bullish sentiment and uptick in the Dogecoin price. 

On November 4, the crypto market was in a holding position, with investors taking on a wait-and-see approach

Go to Source to See Full Article
Author: Scott Matherson