DOGE Rallies on Rising Crypto Perspectives with Possible Trump Election
Dogecoin (DOGE) is adding 5.5% to $0.1205 this week, slightly retreating from $0.1274 on July 17. DOGE's movements are synchronized with the broader crypto market. Bitcoin (BTC) prices rose by 5.2% to $64,525 over the same period and are also slightly retreating.
Investors are speculating about the future prospects of the memecoin, considering Donald Trump's rising chances for victory in the upcoming presidential election this November. Elon Musk, a well-known advocate of Dogecoin, has committed $45 million to back Trump. If Musk's political bet pays off and Trump wins, DOGE could see significant gains. This strongly supports the memecoin in its upward movement towards $0.1400.
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