Dogecoin has experienced a significant surge, opening at $0.38 on January 4, marking a 25% increase since Elon Musk made recent updates to his X profile on December 31. This move by Musk has generated a considerable buzz in the global crypto community.
The excitement and attention have led to $790 million in capital inflows toward Dogecoin, significantly outpacing typical price movements. The key question now is whether Dogecoin can overturn the $0.40 resistance level, potentially setting the stage for a breakout to $0.45.
These developments highlight Dogecoin as a top-gainer amidst market reactions to Musk's actions, illustrating his enduring influence on the crypto scene.
