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Can Dogecoin Reach $1?

TheMotleyFool 
0 0 26.11.24
Can Dogecoin Reach $1?Photo, wide shot, wide-angle lens, soft focus, Car rental company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-C39HK7mRtkD4E8dIGhNKdJKJ.png?st=2023-05-14T13%3A30%3A04Z&se=2023-05-14T15%3A30%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T20%3A57%3A44Z&ske=2023-05-14T20%3A57%3A44Z&sks=b&skv=2021-08-06&sig=c7kEiWtHt1KibrlL7jP9uEmEuV%2BuAnv1nRBACXoedSk%3D
 

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?

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Source Fool.com

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