Department Of Government Efficiency (dogegov.com)

Peanut the Squirrel

Date: Wed, Nov 13, 2024, 09:14 AM GMTThe cryptocurrency market witnessed two standout performances today from new and trending memecoins, despite a broader market downturn led by Bitcoin’s (BTC) recent price correction. Peanut the Squirrel (PNUT) and Department of Government Efficiency (DOGE) have defied the bear trend with astonishing rallies, capturing the attention of the crypto community.<h3 id="pnut-and-doge-soar-to-record-highs">PNUT and DOGE Soar to Record Highs</h3>Peanut the Squirrel (PNUT), a Solana-based memecoin listed on <a href="https://coinsprobe.com/pnut-and-act-skyrockets-following-binance-listing-announcement-and-whales-accumulation/" rel="noopener noreferrer nofollow">Binance</a> just yesterday, has skyrocketed by over 169% in the last 24 hours, reaching a record all time high of $1.24 by crossing $1B marketcap milestone. Meanwhile, Department of Government Efficiency (DOGE), another viral memecoin, surged over 100% today, marking a new all-time high at $0.4196.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0fb4fbb5ce6f495ab7f3941036be9ac0.png" />Source: Coinmarketcap<h3 id="what-s-fueling-the-rally">What’s Fueling the Rally?</h3>The bullish rise in both memecoins can be traced to a combination of market hype and high-profile influence. Elon Musk, currently in the spotlight following Donald Trump’s recent election victory on November 5, sparked excitement with a tweet just six hours ago, saying, &#34;America was saved by a squirrel and a meme coin?&#34;<img src="https://academy-public.coinmarketcap.com/optimized-uploads/57bb5e8143974dbea392164f8ca45e54.png" />Source: <a href="https://x.com/elonmusk/status/1856522886728822907" rel="noopener noreferrer nofollow">&#64;elonmusk (X)</a>This cryptic comment was widely interpreted as a nod to PNUT, fueling a buying frenzy.As for DOGE, the surge was triggered by the announcement that Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE). This news provided a substantial boost to this memecoin value.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b9dd9d4f085e460c9f8fbc8e8c131af6.png" />Source:: <a href="https://x.com/WatcherGuru/status/1856497928635855114" rel="noopener noreferrer nofollow">&#64;WatcherGuru (X)</a><h3 id="what-s-next-for-pnut-and-doge">What’s Next for PNUT and DOGE?</h3>While these memecoins have delivered impressive gains, some profit-taking is likely as investors lock in earnings. However, the volatility of memecoins means they could experience further sudden price swings. As always, careful risk management is crucial when investing in such high-risk assets.Disclaimer: This article is for informational purposes only and is not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/stellar-xlm-and-hedera-hbar-gains-momentum-following-major-developments-whats-ahead/" rel="noopener noreferrer nofollow">Stellar (XLM) and Hedera (HBAR) Gains Momentum Following Major Developments: What’s Ahead?</a>

PNUT and DOGE Records New All-Time Highs After Massive Rallies: What's Driving the Surge?

Table of Contents

CoinsProbe

Other articles published on Nov 13, 2024

Meme Coin Peanut the Squirrel (PNUT) Makes Whale a Fortune in 24 Hours

Trump taps Elon Musk and Vivek Ramaswamy to slash gov’t with ‘DOGE’

BlackRock Bitcoin ETF Attracts Massive Inflows and Drives Market Momentum

UK Pension Fund Embraces Bitcoin with 3% Fund Allocation

Shiba Inu (SHIB) Forms Rare Golden Cross, But Crazy Unexpected Twist Emerges

New bullish breakout: This altcoin could bring 6000% returns

Join our free newsletter for daily crypto updates!