{"id":141504,"date":"2024-11-06T11:15:29","date_gmt":"2024-11-06T09:15:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141504"},"modified":"2024-11-06T10:55:49","modified_gmt":"2024-11-06T08:55:49","slug":"dogecoin-rallies-as-elon-musk-and-trump-spark-new-wave-of-investor-excitement","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoin-rallies-as-elon-musk-and-trump-spark-new-wave-of-investor-excitement\/","title":{"rendered":"Dogecoin Rallies as Elon Musk and Trump Spark New Wave of Investor Excitement"},"content":{"rendered":"<p>This surge came after days of buzz sparked by Elon Musk\u2019s humorous tweets and appearances with former President Donald Trump. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">DOGE<\/a> <\/strong>climbed 15% in the past 24 hours and is up 13.5% over the last week.<\/p>\n<p>Though still far from its record high of $0.73 in May 2021, DOGE&#8217;s Election Day gains show the meme coin\u2019s enduring popularity. The rally also coincided with a wider sense of optimism in the crypto world, with <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>(BTC) <strong><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-registers-new-all-time-high-reaching-just-over-75000\/\">hitting<\/a> <\/strong>a new high of over $75,000, thanks to growing demand for Bitcoin ETFs and excitement around a possible Trump win.<\/p>\n<p>Market analyst Josh Gilbert from eToro observed, \u201cWith Bitcoin reaching record levels, this bull run still appears to have momentum.\u201d Rising BTC prices often drive altcoins like DOGE higher, reflecting broader market enthusiasm.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-markets-surge-after-donald-trump-wins-u-s-election\/\" title=\"Crypto Markets Surge After Donald Trump Wins U.S. Election\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/arrow-green-up-markets-trading-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Markets Surge After Donald Trump Wins U.S. Election<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Ahead of the election, Musk and Trump hinted at the idea of a \u201cDepartment of Government Efficiency\u201d (D.O.G.E.), fueling excitement among Dogecoin enthusiasts. Musk\u2019s playful social media engagement and Trump\u2019s crypto-friendly stance led to a surge in DOGE, up 84% over the past month.<\/p>\n<p>Trump\u2019s pro-crypto outlook has resonated with investors, who expect favorable regulations under his potential leadership, dubbing this optimism the \u201cTrump trade.\u201d While Musk has played down his role in crypto recently, his support for Dogecoin remains clear, drawing on his history of pushing the meme coin to new highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE) saw a strong rally on U.S. Election Day, jumping to $0.21 &#8211; its highest point in seven months.<\/p>\n","protected":false},"author":7,"featured_media":3120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-141504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - 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