Elon Musk, the world’s richest man and self-proclaimed Doge father, is assist to promoting the meme token, following its skyrocketing prices. Musk retweeted a post on X praising the fulfillment of the digital asset that once started as an internet parody however is now price billions of bucks.
The Tweet came from Melissa Chen, the co-founder of Solutions Previous Borders. Within the post, which inspired the Tesla boss, Chen expressed her enthusiasm about how DOGE has gained recognition since starting up as appropriate a meme token.
From Meme to Mainstream
“I’m cracking up so badly taking note of severe WSJ journalists suppose “DOGE” in their educated radio broadcasting roar in the context of a severe data bit, and piece of me can now no longer take into accout that all of it started from a meme. A govt agency changed into once memed into existence Unheard of wow,” she wrote.
I’m cracking up so badly taking note of severe WSJ journalists suppose “DOGE” in their educated radio broadcasting roar in the context of a severe data bit and piece of me can now no longer take into accout that all of it started from a meme
A govt agency changed into once memed into existence
Unheard of wow pic.twitter.com/fTteUotQiy
— Melissa Chen (@MsMelChen) November 14, 2024
DOGE changed into once one among the cryptocurrencies that led the most sleek crypto rally. The meme token, which changed into once created in 2013 from a dogs meme, now ranks sixth in the crypto asset record with a valuation of $58 billion. On the time of writing, the meme token changed into once trading at $0.3977 after soaring over 100% in the weekly chart.
Crypto Rally
Per a most sleek document by Finance Magnates, the surge in DOGE prices and the bullish sentiment in the broader crypto build are linked to political and economic components and overall market speculation.
The crypto community welcomed Donald Trump’s return to the White Residence after his victory in the US election. For the length of his campaign, Trump lured the crypto community with many guarantees, including firing the Securities and Replace Commission (SEC) Chair Gary Gensler if re-elected.
In a July YouTube livestream by Sky Data, the President-elect and enterprise mogul lauded Bitcoin, announcing, “It is now no longer appropriate a surprise of craftsmanship; it’s miles a miracle of cooperation and human fulfillment. A model of relationships are formed. Obviously, there might be competition, however there are relationships. There is a friendship that is developed.”
Curiously, whatever the certain gains, most enterprise specialists take into accout that DOGE might seemingly seemingly unruffled retreat from the most sleek excessive before any attempt at trading at $1. However, there has been notable searching for exercise amongst worthy investors, step by step is named whales. DOGE rally is also boosted by unheard of trading volumes.
