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Dogecoin (DOGE) Founder Reveals Key Factors Behind Increased Appreciation
In the last 24 hours, the price of Dogecoin (DOGE) has seen a significant increase. Market volume has, however, recorded a notable drop of 34.87% to $6.09 billion. Despite this decline in market activity, bullish sentiment remains strong.
According to recent reports, DOGE’s founder attributes the growth to various factors that are creating a favorable environment for crypto. Specifically, the founder emphasizes Elon Musk’s recent nomination as one of DOGE’s greatest influencers in the incoming administration. It is well-known that Musk has the ability to impact DOGE’s market price with his posts on Twitter.
Furthermore, experts have reported that despite the current correction, Dogecoin’s technical indicators suggest a potential for the asset to regain its bullish trend.
As an experienced crypto journalist and writer, I believe it would be wise for investors to remain cautious yet still keep an eye on DOGE as the market continues to evolve.
Source: u.today
