Dogecoin (DOGE), the OG meme cryptocurrency, was back in action after a slight setback. The asset is up 160% in the last 30 days. While Bitcoin (BTC) managed to surpass $100,000, the overall market saw an uptick. This also included Dogecoin. Although the asset has increased, the community expects it to reach 50 cents in the coming days.
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Dogecoin rises by 10%
The Dogecoin market was on an uptrend today. The OG meme coin started its day priced at $0.40, but it managed to climb as high as $0.46. It appears the asset is poised to surpass its previous high of $0.47. At press time, DOGE was trading at $0.4476 after rising 8.55% over the past 24 hours.
It appears this trend may continue. Elon Musk and Vivek Ramaswamy are expected to address US lawmakers in Washington, DC. Both are strong supporters of the cryptocurrency industry. The upcoming event will focus on areas impacting taxpayers and government efficiency, which is why the event attracts strong attendance.
The Tesla CEO is known for his fondness for the Dogecoin market. His involvement in politics has recently increased. Musk’s goal is to campaign for more effective governance and technological solutions.
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50 Cents By December 10?
According to CoinCodex data, Dogecoin will trade between $0.408199 and $0.441588 before the end of the year. It appears that the meme coin will see a downward trend over the next few days.
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The OG meme coin will be priced at $0.4374 on December 10. This still shows a slight decline from its current price level. While this may seem like a setback, the asset could rise after Musk’s next speech.