Dogecoin surges 23.6% in a day fueled by political developments and celebrity support
fool.com —
Dogecoin has surged 23.6% in the past 24 hours, continuing a strong rally that has seen its value increase over 120% in the last week. This rise is linked to recent political developments and support from figures like Donald Trump and Elon Musk. The recent Republican political victory has boosted various assets, including Dogecoin. Musk's comments about potentially establishing a "Department of Government Efficiency" have further fueled interest in the cryptocurrency among investors. Despite some profit-taking in other markets, Dogecoin remains a popular choice for speculative trading. The current momentum suggests continued interest, as investors capitalize on the recent political changes.