DOGE Rockets with Elon Musk's Endorsement
Dogecoin jumped over 25% following Trump’s presidential win, with Elon Musk’s recent support driving market excitement. Musk, a longtime DOGE backer, has suggested forming a “Department of Government Efficiency” (D.O.G.E), aligning his proposal with Trump’s economic plans.Trader Sentiment and Market Speculation
Top trader ‘unipcs’ forecasts continued growth for DOGE, attributing gains to Musk’s influence and speculation around D.O.G.E. futures. Liquidations on DOGE futures hit $30 million, while tokens like Shiba Inu and Floki also surged. Traders see Trump's win as a bullish trigger for the crypto market, further enhancing Dogecoin’s rally.Elon’s Role and Potential Growth
Market analysts believe Musk's impact on DOGE may intensify as media coverage grows, with expectations for Dogecoin to hit new highs. Trump’s victory may encourage pro-crypto policy moves, energizing assets like DOGE and related tokens.
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