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Dogecoin saw a notable price increase on a 24-hour scale, possibly due to a recent interaction by Elon Musk during a public event.Department of Government Efficiency) in an eventual Donald Trump administration. He simply answered, “Yeah, DOGE,” receiving applause from the crowd.Dogecoin over the past few years, praising its merits multiple times. At one point, he even referred to himself as the “DOGEFATHER.”a rather ridiculous prediction.
It is important to note that this would require its market cap to skyrocket to approximately $1.4 trillion. Currently, only Bitcoin is close to that target, while the entire capitalization of the cryptocurrency sector is hovering around $2.44 trillion .DOGE could head south soon. This is the Relative Strength Index , whose ratio is currently above the critical level of 70. Such readings typically indicate that DOGE is in overbought territory and might be due for a pullback.
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