Double positive stimulus, DOGE price surges 17%
As Bitcoin approaches the $100,000 mark and trades sideways at high levels, the market fund overflow effect begins to emerge. DOGE prices have been trading sideways at high levels for more than a week. When Bitcoin trades sideways at high levels, market funds begin to return to the secondary market, driving DOGE to make up for the rise.
In addition, on November 23, according to news, Dogecoin UI designer DogeDesigner, who frequently interacts with Musk, posted on the X platform: "Musk's Boring Company accepts Dogecoin payments. You can book a ride and pay with DOGE tokens." Stimulated by this good news, the price of DOGE soared in a short period of time, and is now quoted at $0.465, a 24-hour increase of 17%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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