Can Dogecoin Reach $1?
Dogecoin (CRYPTO: DOGE) has soared by 338% in 2024 so far, with the bulk of that gain coming after former President Donald Trump won reelection on Nov. 5.
CEO Elon Musk was a major financial contributor to the Trump campaign, and he is also a big reason for the renewed enthusiasm toward Dogecoin, which I'll explain further in a moment.
Dogecoin currently trades at $0.40 per token, which is still below its all-time high of $0.73 from 2021. With the support of the world's richest man and a crypto-friendly Trump administration, is Dogecoin now destined to reach $1?
Source Fool.com
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