Why is Dogecoin price up today?

Quick Summary:

DOGE price is up a further 23% today, pushing the token above USDC and XRP to make it the sixth-largest by market capitalization.

While on the campaign trail in support of Trump, Elon Musk proposed the establishment of the “Department of Government Efficiency” aimed at reducing government waste—a concept conveniently abbreviated as D.O.G.E.

A golden cross is a bullish technical pattern that occurs when a shorter-term moving average, typically the 50-day moving average (MA), crosses above a longer-term moving average, usually the 200-day MA.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United States

Topics: Memecoins Donald Trump DOGE Price Interest Rates Federal Reserve Rate Cut El Salvador Bitcoin Why is Dogecoin price up today Dogecoin 2024 US presidential election

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 10:15:43 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 23515516

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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