Dogecoin, the well-known meme cryptocurrency, experienced a significant price increase, reaching $0.17 in the past week. This surge was largely due to comments made by Elon Musk during a Trump rally in New York. Musk emphasized Dogecoin's potential to save the USA a substantial amount of money, aligning with his longstanding support for the cryptocurrency.
The context of Musk's comment was a massive political gathering at Madison Square Garden, highlighting the influence such events can have on cryptocurrency markets. Given Elon Musk's track record of affecting DOGE prices, many investors see his statements as not merely coincidental but impactful.
