BCGAME - Free 5BTC Daily Bonus!In a very positive upward movement in the ecosystem Dogecoin, its native cryptocurrency, DOGE, has seen impressive growth over the past 24 hours amid the political landscape in the US, which is benefiting the cryptocurrency market today, with several assets setting new highs.
In this sense, the cryptocurrency Dogecoin (DOGE) shot up 18% in its price in the last 24 hours influenced by victory of former US President Donald Trump, who defeated his opponent and current vice president, Kamala Harris, in the presidential election. Trump's victory was declared by the Associated Press and several media outlets, with 277 electoral votes — and more still to be confirmed.
The jump in DOGE’s price has seen the asset reach the important $0,20 price zone. At the time of publication, Dogecoin’s price is trading at $0,2021, up 18.2% in the last 24 hours.
Additionally, DOGE volume has seen a significant increase over the past day. Dogecoin’s trading volume is $11.757.190.408 in the past 24 hours, representing a 268,30% increase from a day ago and signaling a recent surge in market activity.
DOGE Parabolic Bullish Prediction Between $4 and $23
Amid the current scenario, the meme cryptocurrency Dogecoin (DOGE) has been attracting attention due to its considerable price increase in recent days, positioning itself ahead of several of the main crypto assets on the market. Today was no different, and DOGE is being one of the main beneficiaries of the current bullish rally in the cryptocurrency market.
Analyzing recent movements on the Bitcoin network, market expert Ali Martinez highlighted the influence of billionaire and DOGE supporter Elon Musk on the next US President Donald Trump. Noting a positive trend for the memecoin, the analyst shared a prediction of a parabolic high for DOGE between the impressive levels of $4 and $23.
“With @elonmusk now influencing the 47th President, @realDonaldTrump, Dogecoin could be in for a wild ride! In past bull cycles, once $DOGE broke the 0,50 Fibonacci retracement, it has often rallied to the 1,618 or even 2,272 Fibonacci levels. If history repeats itself, we could see DOGE reach anywhere from $4 to $23!” wrote.
It is worth remembering that, recently, the Dogecoin rose 15% after an appearance by Elon Musk at a rally for the Republican candidate, as well as a post with the DOGE avatar. Highlighting recent actions, traders highlighted Dogecoin's price spike in recent days with “Trump's popularity.”
