Cryptocurrency was prominent in this year’s presidential elections. Donald Trump and Kamala Harris were both seen as willing to make reforms to aid the industry’s growth.
While several believe that Bitcoin (BTC) will surge a lot more if Trump emerges as the winner, a few others noted that BTC will rise irrespective of the outcome. Amidst this, Dogecoin (DOGE) was gaining prominence with the involvement of Elon Musk.
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Dogecoin’s Growth And Price Predictions Amid Political Changes
Dogecoin has been witnessing increased growth over the past couple of days. The network’s total number of active users has reached an eight-month high. This rise was linked to Musk’s previous post about joining Trump’s team as an advisor if the Republican party wins the 2024 election.
Musk’s revelation on X further sparked interest in the cryptocurrency community. Musk shared a photo of the “Department of Government Efficiency” (“DOGE”) on the well-known social media platform X.
While the price of Dogecoin witnessed a spike back then, the meme coin seems to have slowed down. At press time, DOGE was trading at $0.1159 following a 2.39% rise over the past 24 hours.
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Dogecoin Price Prediction
Considering the current scenario, Dogecoin is expected to trade around the same level or witness a slight drop. According to Changelly, the maximum price that DOGE will reach in November is $0.107. The lowest that the OG meme coin might dip to is $0.0960. The average trading price of the asset was set at $0.102.
The cryptocurrency market is known for its volatility. While the asset’s prospects at present look dull, that could eventually change in the upcoming month.
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