Friends, Dogecoin (DOGE) may experience a peak and reach $1, you still have time to invest, the largest memecoin by market value, experienced a significant increase after new public support from Elon Musk.
The billionaire renewed his support for the coin on Wednesday, resulting in DOGE’s price gaining around 10% over the past 24 hours. The cryptocurrency hit a new high today.
My friends, today we are seeing a bull market Bitcoin is trying to break above 68K and other altcoins are seeing significant gains.
Separately in his comments, Musk also proposed a new “Department of Government Efficiency,” dubbed by the acronym D.O.G.E. — which is curiously reminiscent of his favorite cryptocurrency. He said the department aims to improve the efficiency of government spending and streamline the departments responsible for managing taxpayer funds.
Friends is not the first time Musk has mixed Dogecoin and Trump in the same bag in the context of supporting the presidential campaign. A few weeks ago, the owner of the social network formerly known as Twitter published a rather creative parody message in which he expressed his simultaneous support for both the Republican and his favorite cryptocurrency, Dogecoin.
Friends, these are just data and results, but I have spoken to you about this memecoin and I was not wrong, as I also mentioned, it is within the possibilities of Grayscale in its investments and we will have to be attentive.
Thank you for supporting me.
