Dogecoin Dominates Market, Rallies 30%: Can DOGE Hit $0.20?
Dogecoin (DOGE) is currently the second-best performing cryptocurrency in the weekly charts among the top 100 projects by market cap. The original meme coin has rallied 2.9% in the last 24 hours, 32.6% in the weekly charts, 27.3% in the 14-day charts, 38.4% over the previous month, and nearly 144% since October 2023. Also Read: Buy Bitcoin Online with Prepaid Card Ireland Factors Driving Dogecoin’s Rally Source: CoinGecko Why Is Dogecoin Rallying? The cryptocurrency market seems to be rebounding from the dip earlier this month. Bitcoin (BTC) is inching closer to the $70,000 mark. Other assets are also in the green zone, following the historical trend of a bullish October. Also Read: How to Add uniChain to MetaMask? DOGE’s latest rally could be due to Elon Musk’s town hall appearance on Oct. 17, supporting Donald Trump in his Presidential race. Musk also desires to open a Department of Governmental Efficiency, aka DOGE. Many analysts anticipate a market-wide rally if Tr...