Cryptocurrency Dogecoin (CRYPTO: DOGE) is having a moment once again with the meme crypto soaring over 80% in the last week, helped by increased interest in the cryptocurrency after Donald Trump‘s 2024 election win and Elon Musk‘s anticipated role leading the Department of Government Efficiency, or D.O.G.E. for short.
Despite the rising valuation for Dogecoin over the past several weeks, the meme crypto still trades significantly lower than its all-time high in May 2021.
Here’s a look back and how much $100 invested in DOGE today will be worth if new highs are reached.
Don’t Miss:
- 1 in 4 Americans own a share of Bitcoin according to NASDAQ — this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.
- Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.
What Happened: Dogecoin hit a new one-month high of $0.3011 in the last 24 hours as the cryptocurrency sector remains hot and traders are speculating for further gains with Trump as president and Musk being involved with the government.
Dogecoin surged …
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