#CryptoMarket4T

🚨📈The price of Dogecoin maintains an optimistic consistency. What is driving this momentum?

In recent days, the price of Dogecoin has maintained a remarkable consistency, with significant performance. The coin recorded a solid performance of +22.6% in the last week, ending on Saturday, July 19. These positive numbers have remained despite the recent correction, which resulted in a decline of -1.4% in 24 hours.

According to data, the dog coin is trading at US$ 0.24 per unit. Meanwhile, analysts and investors are wondering what might happen with this popular token. First and foremost, it is important to highlight that the main driver of the rise is speculation.

In the week ending July 18, a historic Cryptocurrency Week was celebrated at the highest levels of the U.S. government. The House of Representatives dedicated itself exclusively to discussing legislative proposals related to cryptocurrencies. Among them were the GENIUS, the CLARITY, and the Anti-CBDC initiative.

These events generated great enthusiasm and tension among investors in the cryptocurrency ecosystem. As expected, the impact was even greater in the so-called memecoins sector, low-cap assets especially sensitive to volatility.

In this context, the price of Dogecoin entered a steep upward trend, driven by speculation. This suggests that the rise may stagnate if new stimuli do not emerge.