Dogecoin, a popular memecoin backed by tech billionaire Elon Musk, has seen a significant surge amidst the 2024 US Presidential election. Surging by almost 16% in the last 24 hours, DOGE has become one of the top performers of the period. While <a href="https://cryptotale.org/bitcoin-reaches-new-heights-with-trumps-rising-election-odds/" rel="noopener noreferrer nofollow">Bitcoin has reached a new all-time high</a> of $75.3k, <a href="https://coinmarketcap.com/view/memes/" rel="noopener noreferrer nofollow">memecoins</a> like Shiba Inu (SHIB), Pepe (PEPE), and dogwifhat (WIF) have also exhibited strong performances.
As of press time, DOGE is trading at $0.1943, marking a monthly surge of nearly 80%. Investors’ increasing interest in Dogecoin is highlighted by the staggering 242% hike in its 24-hour trading volume. In addition, DOGE has surpassed XRP in market cap, becoming the 7th largest token.
Elon Musk’s Role in Dogecoin’s Rally
With many Republican candidates securing their seats in the election, former President Donald Trump is leading the rally against the Democratic candidate Kamala Harris. While many anticipates the future US crypto market secure in the hands of Trump, the digital assets are showing a positive response.
Related: <a href="https://cryptotale.org/trump-memecoins-rally-over-100-as-us-election-approaches/" rel="noopener noreferrer nofollow">https://cryptotale.org/trump-memecoins-rally-over-100-as-us-election-approaches/</a>
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Dogecoin Leads Memecoins’ Election Rally: PEPE & WIF Follow

CryptoTale

Other articles published on Nov 6, 2024

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