Dogecoin price has surged by 100.91% since the US elections, reaching $0.278 at the time of publication on Nov 8.
Elon Musk’s net-worth has surged past the $300 billion mark, thanks largely to the TSLA price surge. According to the latest Forbes data, Elon Musk’ wealth is now valued at a staggering $304 billion. This puts him more than $70 billion ahead of Oracle CEO Larry Ellison in distant second, with a $230 billion net-worth.
This could partly explain why Dogecoin price has raced ahead of the crypto market average, outperforming more popular digital assets including BTC, ETH and SOL.
With Donald Trump’s second inauguration scheduled for January 20, 2025, if speculative buying pressure surrounding Elon Musk linked assets persists, chances of a major sell-off before the inauguration date are slim.
In essence, within the current market dynamics and political landscape, DOGE price is looking at advancing towards the $0.30 level in the coming weeks.
Dogecoin price has surged by 100.91% since the US elections, reaching $0.278 at the time of publication on Nov 8. Historical data shows, that DOGE’s next major resistance now lies at the $0.35 level, if the strong buyer dominance triggers a $0.30 in the coming days.
Despite triple-digit gains within the last 6 days, DOGE continues to show strong buying momentum for the week ahead.
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