Dogecoin, known for its backing by Elon Musk, is experiencing a notable surge in value as the 2024 US Presidential election unfolds. The election rally has also positively impacted other memecoins, namely PEPE and WIF, which are following Dogecoin's lead in this upward movement.
The rise in these memecoins' values is drawing significant attention during this election period, showcasing the influence of popular figures like Musk and highlighting the potential volatility and opportunity within the cryptocurrency market during major political events.
This surge underscores the growing interest and impact of cryptocurrencies, particularly memecoins, in the context of global political events and the notable influence certain public figures hold over market trends.
