Dogecoin (DOGE), the OG meme cryptocurrency was back in action after a slight setback. The asset recorded a 160% spike in the past 30 days. As Bitcoin (BTC) managed to surge over $100,000, the entire market saw an uptick. This included Dogecoin as well. While the asset was seen rising, the community expects it to reach 50 cents in the coming days.
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Dogecoin Rises By 10%
The Dogecoin market was on an uptrend today. The OG meme coin started its day at a price of $0.40 but it managed to surge all the way to $0.46. It seems like the asset could be on its way to surpass its previous high of $0.47. At press time, DOGE was trading at $0.4476 following an 8.55% spike over the past 24 hours.
It looks like this trend could continue. Elon Musk and Vivek Ramaswamy are expected to speak to United States lawmakers in Washington, D.C. Both of them have been vocal supporters of the cryptocurrency industry. The upcoming event will focus on areas impacting taxpayers and government efficiency, therefore the event is well-attended.
The CEO of Tesla is known for his inclination towards the Dogecoin market. His involvement in politics has lately increased. Musk’s focus lies on campaigning for more efficient governance and technological solutions.
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50 Cents By December 10?
According to data from CoinCodex, Dogecoin will trade around the price mark $0.408199 to $0.441588 before the end of the year. It seems like the meme coin will encounter a downtrend over the next couple of days.
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The OG meme coin will be priced at $0.4374 on December 10. This further shows a small downfall from its current price level. While this may seem like a setback, the asset could rise after Musk’s upcoming speech.
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