{"id":116332,"date":"2024-10-20T13:19:49","date_gmt":"2024-10-20T06:19:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=116332"},"modified":"2024-10-20T13:19:49","modified_gmt":"2024-10-20T06:19:49","slug":"elon-musk-is-back-to-shilling-dogecoin-is-a-36000-rally-possible-again","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=116332","title":{"rendered":"Elon Musk Is Back To Shilling Dogecoin, Is A 36,000% Rally Possible Again?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">The world\u2019s richest man, <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-bitcoin-shiba-inu\/#:~:text=The%20Dogecoin%20price%20has%20rallied,the%20foremost%20meme%20coin%20indirectly.\"><span style=\"font-weight: 400;\">Elon Musk<\/span><\/a><span style=\"font-weight: 400;\">, is back to support the foremost meme coin, Dogecoin (DOGE), although indirectly. This has raised the possibility of Dogecoin rallying 36,000%, just like it did in the <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-pull-an-xrp\/\"><span style=\"font-weight: 400;\">2021 bull run<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2>Elon Musk Is Back To Shilling Dogecoin<\/h2>\n<p><span style=\"font-weight: 400;\">Elon Musk is back to shilling Dogecoin, although this time in a political way. Musk proposed that the \u2018<\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-recovered-0-1\/\"><span style=\"font-weight: 400;\">Department of Government Efficiency<\/span><\/a><span style=\"font-weight: 400;\">\u2019 be the name of the department that Donald Trump wants him to head if elected. This name led to the acronym \u2018D.O.G.E\u2019, which has brought about a correlation with Dogecoin\u2019s ticker, DOGE.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Considering <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-tesla-ceo-elon-musk\/\"><span style=\"font-weight: 400;\">Musk\u2019s fondness for Dogecoin<\/span><\/a><span style=\"font-weight: 400;\">, this move has been considered deliberate and continues to provide a bullish outlook for the foremost meme coin as the US elections draw closer. It is worth mentioning that the Dogecoin price has rallied by 31% in the last seven days, mainly thanks to Musk\u2019s continuous use of the \u2018D.O.G.E\u2019 term in recent appearances.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On October 17, he made an appearance at a Pennsylvania town hall meeting where he again indirectly shilled DOGE. When asked by an audience member about the proposed department, he replied, \u201cYeah, D.O.G.E,\u201d leading to the <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-prediction-target\/#:~:text=Crypto%20analyst%20Javon%20Marks%20has,price%20rally%20of%20over%20400%25.\"><span style=\"font-weight: 400;\">Dogecoin price<\/span><\/a><span style=\"font-weight: 400;\"> surging by over 15% in 24 hours. DOGE rose above $0.14 in the process, its highest price level since late July.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dogecoin had also rallied the previous day by over 7% after Musk made a post in which he mentioned how the \u2018D.O.G.E\u2019 department was going to ensure that politicians and bureaucrats do not pose a threat to human progress.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The meme coin is possibly reacting more to Elon Musk\u2019s mentions of \u2018D.O.G.E\u2019 because of the increasing likelihood that the department will come into existence. <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-bettor-distorts-trump-odds-polymarket\/\"><span style=\"font-weight: 400;\">Donald Trump<\/span><\/a><span style=\"font-weight: 400;\"> is currently leading the polls and has promised to appoint Musk to head this department, which will be responsible for overseeing and managing government spending.\u00a0<\/span><\/p>\n<h2>Will DOGE Rally 36,000% Again?<\/h2>\n<p><span style=\"font-weight: 400;\">With <\/span><a href=\"https:\/\/www.newsbtc.com\/dogecoin-2\/dogecoin-soars-6-5-following-elon-musks-post-is-a-breakout-imminent\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Elon Musk shilling<\/span><\/a><span style=\"font-weight: 400;\"> Dogecoin again, there have been questions about whether DOGE can enjoy a similar 36,000% rally like the one during the 2021 bull run. Musk also gave a plug to DOGE during that period and massively contributed to the meme coin\u2019s meteoric rise to its current all-time high (ATH) of $0.78.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A 36,000% rally for the Dogecoin price is dicey this time around as it would mean that DOGE could reach $50 in this market cycle. A rise to $50 would give DOGE a market cap of $7.3 trillion based on its circulating supply of 146.43 billion coins. This is almost impossible, considering that the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-retail-investors-returning-to-the-market-metrics-show-increasing-demand\/\"><span style=\"font-weight: 400;\">crypto market<\/span><\/a><span style=\"font-weight: 400;\"> has a total market cap of around $2.35 trillion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, crypto analysts like Javon Marks still predict that the Dogecoin price could hit double digits in <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-market-glassnode\/\"><span style=\"font-weight: 400;\">this bull run<\/span><\/a><span style=\"font-weight: 400;\">. Crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-to-10-breakout\/\"><span style=\"font-weight: 400;\">Dima James also recently suggested<\/span><\/a><span style=\"font-weight: 400;\"> that the meme coin could reach $10.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/xcMo6X5X\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3286\" height=\"1450\"\/><figcaption class=\"wp-caption-text\">DOGE price above $0.144 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow noopener\" target=\"_blank\">DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p>Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/elon-musk-shilling-dogecoin-36000\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s richest man, Elon Musk, is back to support the foremost meme coin, Dogecoin (DOGE), although indirectly. This has raised the possibility of Dogecoin rallying 36,000%, just like it &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=116332\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116332","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116332"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116332\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}