The price of Dogecoin, a popular meme-based cryptocurrency, has seen a considerable rise over the past day. This increase is attributed to Elon Musk, the world’s wealthiest individual and an avid supporter of Dogecoin.
Elon Musk's backing has often influenced the altcoin's price movements. Additionally, recent events featuring Donald Trump included a mention of DOGE, further boosting its market performance.
The convergence of these influences has led to renewed interest and upward momentum for Dogecoin in the cryptocurrency market.
