Last Tuesday (12) Dogecoin (DOGE) soared and reached US$ 0.4398, marking its highest price in more than three years.

The memecoin inspired by the Shiba Inu dog saw a substantial increase of 143.2% last week, according to data from CoinGecko.

The rally observed after the American elections has increased optimism for speculative assets such as Dogecoin, while traders await a pro-crypto policy scenario.

Elon Musk, generated even more noise previously suggesting that, if appointed by Trump, he could lead a “Department of Government Efficiency” (D.O.G.E) with the ambitious goal of cutting US$ 2 trillion or more from the federal budget. An appointment that was later confirmed.

The challenge for DOGE will be to sustain this optimism in the long term while attracting institutional interest.$DOGE

check out this report below!!