Dogecoin, a cryptocurrency that has gained wide attention due to its humorous origins, is now being driven by greater market forces. In the short term, its price trend is affected by the following key factors: • Strong technical signals: The 50-day moving average and the 200-day moving average form a "golden cross", which is a typical upward signal, indicating that the market may enter a new round of rise. • High social attention: With Elon Musk's public support and its potential plan to integrate into the X platform payment system, the market's confidence in Dogecoin has increased rapidly. • Short-term forecast: The current price fluctuates around $0.34-0.36, and is expected to break through the resistance level to $0.42-0.45, but it is necessary to be vigilant about the short-term correction that may be caused by overbought.
Under the appearance of market prosperity, the core driving force of Dogecoin is still "hope". People are not just trading a token, but investing in a collective consciousness: no matter how low the starting point is, as long as there is enough support, it can reach amazing heights. This sentiment is an important reason for driving prices up. $DOGE
Trump has stated that if he wins the election, he will invite Tesla CEO Musk, known as the "Dogecoin Godfather", to lead the government expenditure audit, implement strong reforms, and establish the "Department of Government Efficiency". The abbreviation of DOGE is to make suggestions to reduce waste, fraud and unnecessary expenditure, and DOGE is the same as the abbreviation of Dogecoin.
Imagine that in January 2025, the U.S. Department of Government Efficiency (DOGE) initiated a 30% layoff in government departments. This will inevitably provide DOGE with a good exposure opportunity.
The ETF Store president predicts spot DOGE ETF applications will be inevitable in 2025 According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, posted on the X platform that the arrival of spot DOGE ETF applications seems inevitable and predicted that 2025 will be a crazy year.
MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, we hodl 279,420 $BTC acquired for ~$11.9 billion at ~$42,692 per bitcoin. $MSTR
#BTC何时破9万? [#Cryptocurrency is about to become a strategic reserve asset for the United States](https://app.binance.com/uni-qr/cart/16139499446737?r=527648310&l=zh-TW&uco=PBW7iMSgRTM6J2Um4PNF4A&uc=app_square_share_link&us=copylink)