Dogecoin

Elon Musk

<p><a href="https://captainaltcoin.com/not-bitcoin-but-dogecoin-doge-price-is-pumping-ahead-of-the-us-elections-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> saw a sharp price hike, climbing 30% over the past day, overcoming a key resistance level. This surge allowed DOGE to leap ahead of XRP, making it the 7th-largest crypto by market cap.&nbsp;</p>
<p>According to BSC News, this jump in value is fueled by speculations tied to the U.S. election and the potential involvement of Elon Musk in a new government role if Trump wins. Meanwhile, XRP’s position has taken a hit amid these developments, marking a dynamic shift in market rankings.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">DOGE SOARS AMID US ELECTION BUZZ: DETAILS<br><br>– Dogecoin <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> soared 30% over the last 24 hours and surged over 22% in mere hours and breaking past the critical $0.20 mark.<br><br>– The popular meme cryptocurrency now ranks as the 7th-largest by market cap, surpassing XRP in a week of… <a href="https://t.co/uvVvqeloHp" target="_blank" rel="noopener noreferrer nofollow">https://t.co/uvVvqeloHp</a> <a href="https://t.co/0xxb345dTd" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0xxb345dTd</a></p>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/1854024167399559498?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 6, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Reports suggest that traders are betting on DOGE. This is due to rumors surrounding a potential government department, the “Department of Government Efficiency” (DOGE), which Trump might establish if elected.&nbsp;</p>
<p><a href="https://www.bbc.com/news/articles/c9dlg1v7jevo" target="_blank" rel="noopener noreferrer nofollow">Elon Musk</a>, a vocal Dogecoin supporter, is rumored to be a possible head of this department, focusing on reducing national debt. Musk recently highlighted the urgent need for spending cuts, noting that national interest payments now exceed the Defense budget.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-doge-breaks-the-key-resistance-strong"><strong>DOGE Breaks the Key Resistance</strong></h3>
<p>Dogecoin is trading at <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">$0.2064</a>, experiencing a 21.81% increase, at publication, reflected over the week too, as per CoinGecko data.&nbsp;</p>
<p>The memecoin’s trading volume has also seen an uptrend, reaching $11.45 billion. This increased interest has propelled DOGE into the top 10 rankings, overtaking <a href="https://captainaltcoin.com/heres-why-this-elite-analyst-believes-ripple-xrp-is-on-the-verge-of-a-breakout/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> amid current market conditions.</p>
<p>With the U.S. election still underway, Trump holds more electoral votes against Kamala Harris, <a href="https://www.reuters.com/world/us/trump-vs-harris-us-voters-head-polls-turbulent-campaign-concludes-2024-11-05/" target="_blank" rel="noopener noreferrer nofollow">according</a> to Reuters. However, key states remain undecided, leaving the outcome uncertain and fueling speculation-driven price fluctuations.&nbsp;</p>
<p>The market remains on edge, awaiting the final results, which could impact both Dogecoin and broader crypto trends.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/cardano-ada-price-to-spike-50-if-this-key-resistance-breaks/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Cardano (ADA) Price to Spike 50% If This Key Resistance Breaks</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-bitcoin-outlook-remains-strong-regardless-of-election-strong"><strong>Bitcoin Outlook Remains Strong Regardless of Election</strong></h3>
<p>Meanwhile, analysts like Bernstein remain bullish on Bitcoin, projecting a six-figure target by 2025, irrespective of election results. While Dogecoin rides the wave of speculation, Bitcoin’s trajectory appears grounded in market fundamentals, suggesting potential growth ahead.&nbsp;</p>
<p>As the election unfolds, all eyes remain on both <a href="https://coingape.com/cryptocurrency-prices-today-nov-6-btc-touches-75k-altcoins-up-doge-crosses-0-2/" target="_blank" rel="noopener noreferrer nofollow">DOGE and BTC</a>, each poised for distinct yet potentially impactful movements in the near term.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/dogecoin-price-pumps-30-as-doge-overtakes-xrp-here-are-all-the-details/" rel="noopener noreferrer nofollow">Dogecoin Price Pumps 30% as DOGE Overtakes XRP – Here Are All the Details</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Price Pumps 30% as DOGE Overtakes XRP – Here Are All the Details

Table of Contents

CaptainAltcoin

Other articles published on Nov 6, 2024

Bitcoin hits new all-time high of over $75K as Trump dominates

BONK, WIF, and XYZVerse: 3 Cryptos Set for Massive Growth in 2025

Winklevoss Warns Harris Win Could Push Crypto Legal Costs Over $1 Billion

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Deeptech Robotics Startup CynLr Secures $10 Million Series A Funding to Expand Global Team

Dogecoin Rockets 10% Amid Election Speculation

Join our free newsletter for daily crypto updates!