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Dogecoin is currently eyeing a new price spot amid varied developments. With the token’s close association with Musk and the newly formed Department of Government Efficiency or D.O.G.E., the token is currently sensitive to the elemental worldly changes. Additionally, it has set its eyes on the ambitious price spot. As Bitcoin eyes new price heights and momentum, will the altcoin surge push Doge to new highs too? Let’s find out. Also Read: Cardano: Will The ADA Cryptocurrency Surge or Plunge? Dogecoin Eyes A New Price Spot Source: Watcher Guru Dogecoin is currently sitting at $0.33, up 5% in the last 24 hours. The token has had an average trading week, noting a 2% drop in seven days. However, it rose 4% in the last month. With Musk taking over the duties as the official D.O.G.E. chief, Dogecoin is expected to surge in tandem with Musk’s moves. This may impact its positioning in the long haul. In addition to this, the token itself is eyeing a fresh spot. It is targeting the $2 mark ...

Dogecoin (DOGE) has had quite a year in 2024. The asset’s price skyrocketed after Donald Trump won the US Presidential election. DOGE’s sudden rise is likely due to Elon Musk’s support for the Trump campaign. The tech billionaire is one of the most vocal supporters of DOGE. Investor confidence in the memecoin increased significantly due to his support of Trump’s presidential campaign. Also Read: Shiba Inu: Can You Turn $1000 Of SHIB Into $1 Million By 2030? Dogecoin’s Price Movements Source: NewsBTC Despite its incredible performance in November 2024, DOGE has faced a significant price correction over the last few weeks. DOGE is down 2.4% in the daily charts, 20.7% in the 14-day charts, and 24.8% over the previous month. The memecoin is still up by 3.4% in the weekly charts and nearly 255% in the yearly charts. Source: CoinGecko Also Read: How High Will Bitcoin Rise In January 2025? DOGE’s latest correction comes amid Bitcoin’s (BTC) descent to ...