DeFI News by Thebittimes.Com

Elon Musk has garnered significant popularity in the ongoing US elections. Musk has been noted for promoting former US president Donald Trump and propagating the narrative that Trump’s win is critical for US democracy and the nation’s integrity on a global level. At the same time, Trump has also shown his adoration for Musk by promising him a cabinet role, adding that the former president would not mind and would deliver Musk a cabinet role if he won the US elections. If this happens, the development could be a game changer for US politics and crypto. Also Read: BRICS: JP Morgan Predicts the Future of the US Dollar Can Musk’s Political Stint Impact DOGE? David Gokhshtein revealed that he wouldn’t be surprised if Elon Musk decides to make Dogecoin the crypto of the space economy. Elon Musk is known for many things, but most importantly, the Tesla chief is known to be an avid proponent of Bitcoin. Dogecoin has often seen incredible price pumps due to Musk’s impromptu mentions of DOG...

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...