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Cryptocurrency News Articles

Elon Musk-Appointed Government Position Renews Interest in Investing in Dogecoin (DOGE), PEPE, Dogwifhat (WIF)

Nov 16, 2024 at 04:00 am

Elon Musk's much-publicized appointment is undoubtedly the catalyst behind the renewed interest in investing in Dogecoin (DOGE). PEPE and Dogwifhat (WIF) have also benefited from the price upturn. IntelMarkets (INTL) is gaining the attention of investors as a stable investment with high potential.

Elon Musk-Appointed Government Position Renews Interest in Investing in Dogecoin (DOGE), PEPE, Dogwifhat (WIF)

Elon Musk’s much-publicized appointment in the government has sparked renewed interest in investing in Dogecoin (DOGE), PEPE, and Dogwifhat (WIF). While meme coins have gained attention, investors are also turning to IntelMarkets (INTL) for a stable investment with high potential. Here’s how these tokens performed after the announcement of Musk’s new position.

Dogecoin (DOGE) Price Surges 250%

Dogecoin’s price saw a dramatic increase of 250% as a result of the indirect brand endorsement by popular billionaire Elon Musk. With Musk’s appointment in the government, Dogecoin (DOGE) gained more traction.

However, DOGE’s struggles to move beyond its meme status in the long run might be impacted by Musk’s political activities, making it difficult to assess the long-term implications.

PEPE, Dogwifhat (WIF) Follow Bullish Waves

With a 250% surge, meme tokens like PEPE and Dogwifhat (WIF) have also seen remarkable activity. A buying frenzy for these coins has gripped the meme-coin market. While neither has achieved the level of mass adoption enjoyed by Dogecoin, these two assets represent a different breed of meme assets.

Can PEPE, WIF Move Like DOGE?

PEPE and Dogwifhat (WIF) are outpacing Dogecoin on their respective journeys. One advantage Dogecoin has over others is that it was launched in 2013 and has a well-established and supportive community, in addition to being endorsed by Musk.

The PEPE cryptocurrency has attracted massive interest, surging into the ranks of the top three meme coins as a result of the latest crypto trends. Most of the reasons behind the spike in the price above the historical peak are related to Robinhood and Coinbase, where Pepe was recently listed. These made Pepe more credible and helped promote it to retail clientele. Avinash Shekhar, co-founder of Pi42 and its Chief executive officer, discussed how the exchanges have been instrumental in bolstering Pepe’s growth in the market.

Dogwifhat (WIF) price is $4.01 at press time, according to CoinMarketCap. In the last three months, WIF has registered an incredible price surge of 154.46%, indicating a huge influx of investors. This uptrend signifies the increasing awareness and faith in the Dogwifhat project.

Investors’ optimism in the WIF project is evident in its steep price rise. Looking ahead, it appears that Dogwifhat is making an effort to become a strong asset in the crypto market.

INTL – A More Stable, Trusted Choice For Investors

The lowest price at which INTL can be listed is $0.11. The presale is currently in the fifth stage and the tokens are available for $0.04. Thanks to the ability of the platform’s trading bots to respond to live market data, the performance is expected to improve with time.

This feature offers a learning-based way of carrying out trading activities, which sets Intel Markets as the best company, with AI technology, for trading cryptocurrencies. To aid investors in taking advantage of the market opportunities, Intel Markets (INTL) allows a leverage of 1000x; thus, enabling users to enhance their investment strategies.

Where most meme coins thrive on community influence and social media trend circuitry, IntelMarkets (INTL) seeks to offer real value with its unique, AI-based ecosystem. With the incorporation of blockchain technology and AI-powered trading tools, INTL empowers investors to ably, effectively, and safely engage the market.

For the whales of Dogecoin who have enjoyed and suffered the merriment of investing in meme coins – Intel Markets (INTL) provides an avenue for serious expansion into a platform with real use cases and growth opportunities.

Conclusion

With the rise of Elon Musk in the political landscape, PEPE, Dogwifhat (WIF), and Dogecoin (DOGE) have managed to get the fame they eagerly seek. On the other hand, IntelMarkets (INTL) appeals to those who want safety. There is no doubt that IntelMarkets (INTL), as it broadens its scope, will attract those who are looking for investments in researched technologies rather than in antiquated meme coins.

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News source:bitcoinist.com

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Other articles published on Nov 16, 2024