Popular dog-themed meme cryptocurrency, Dogecoin (CRYPTO: DOGE), soared on election night amid heightened expectations of an Elon Musk-touted Department of Government Efficiency (DOGE) under the new Donald Trump administration. What happened: The original meme coin exploded more than 25% in the last 24 hours to $0.20, the highest it has been in the last seven months.

Dogecoin has seen a jump of over 12% during the past day, but this trend brewing in an on-chain indicator could spell a bearish end to the run. Dogecoin Investors Have Been Showing Signs Of FOMO Recently In a new post on X, the on-chain analytics firm Santiment has discussed about how the trend in the Total Amount of Holders has been like for the various top coins in the cryptocurrency sector.

Dogecoin's price is soaring as Trump gets closer to a win in the 2024 Presidential elections.

The total crypto market cap rallied over 5 percent in the past 24 hours, led by Bitcoin (BTC), to hover around $2.51 trillion on Wednesday, November 6, during the early Asian session. The flagship coin surged over 6.9 percent in the past 24 hours to reach a new all-time high (ATH) of above $74.

Ahead of the election, financial analyst Ran Neuner outlines a hedge strategy focused on Dogecoin and POPCAT. Neuners approach signals confidence in memecoins resilience and potential as smart picks for navigating unpredictable markets.

Part of BTC's spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.

Leading cryptocurrencies jumped as polls began to close in the high-stakes presidential election between Donald Trump and Kamala Harris. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

Around $68,685, the price of Bitcoin is beginning to show indications of a possible reversal, suggesting a fresh upward trend toward or perhaps above the $70,000 mark. Following resistance close to recent highs, Bitcoin has consolidated steadily, indicating that buyers may regain control for a bullish continuation.

Meme cryptocurrency Dogecoin (CRYPTO: DOGE) has experienced a surge in trading volume and price activity leading up to the 2024 presidential election. A Benzinga poll asks readers to choose whether a victory by Donald Trump or Kamala Harris in the election could have a more positive impact on Dogecoin in 2025.

Cryptocurrency markets are trading higher as markets predict a Trump win, boosting sentiment.

The Dogecoin price momentum is heating up as it makes another move toward the key $0.18 mark, a level that previously set an all-time high for the popular meme coin. The recent surge in the Dogecoin price has captured the attention of both traders and long-term holders, sparking speculation about a possible breakout that could take it to new heights.

Pseudonymous crypto trader Nachi has voiced strong confidence in Donald Trump winning the presidential election, resulting in a bullish outlook for AI-driven meme coins, particularly Goatseus Maximus (CRYPTO: GOAT). What Happened: The trader highlighted on X that Solana (CRYPTO: SOL) meme tokens like Popcat (CRYPTO: POPCAT) and Dogwifhat (CRYPTO: WIF) have recently corrected to attractive buy levels.

Dogecoin price has rallied since October, and data suggests it's set to go much higher.

Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards.

Dogecoin's price has shot up further as we see whether Donald Trump wins—and if Elon Musk will get to lead a government agency called D.O.G.E.

Dogecoin's (CRYPTO: DOGE) single-day 11% surge has sparked speculation in the cryptocurrency community if a strong bullish run is possible in case of a Trump election win. What Happened: Crypto chart analyst Ali Martinez flagged a “Sell” signal on Dogecoin's 4-hour chart, forecasting a potential correction to $0.161 or $0.156.

Dogecoin remains a significant player in this ever-changing crypto space, especially when the market awaits elections – however, new memecoins such as POPCAT emerged as well. Entrepreneur and financial analyst Ran Neuner did note that while Dogecoin accumulated serious gains, it is supposedly set up for a significant quantity of volatility in case a loss

Today's trending coins list includes a major top 10 cryptocurrency alongside two altcoins that made the list just yesterday. While some of these altcoins saw notable gains over the past 24 hours, another experienced a sharp decline.

For the second day running, meme cryptocurrencies are the top performers among the 100 largest cryptocurrencies. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme coins, managed to reach massive market cap milestones despite crypto benchmarks being in the red.

The price of Dogecoin has jumped by 10.5% in the past 24 hours, reaching $0.168 as election fever helps the meme token to outperform the cryptocurrency market as a whole. The post Dogecoin Set to Soar? Musk's Trump Support Fuels DOGE Price Targets for Election Day appeared first on Cryptonews.

In recent hours, a staggering 999,999,999 Dogecoin (DOGE), valued at approximately $169.2 million, was transferred from Binance to an unknown wallet, according to Whale Alert. This movement of such a large amount of DOGE has sparked speculation within the crypto community, as transactions of this magnitude are rare.

The Dogecoin price is once again standing out from other cryptocurrencies with a strong, independent surge. Its latest rally reflects a trend of detachment from Bitcoin's price, which typically sets the pace for most other digital assets.

The cryptocurrency landscape is pivotal as Ripple's case with the SEC ends. This development places XRP Rivals in the spotlight, especially as the U.S. presidential election approaches.

The US elections are on the cards as the top ones, like Dogecoin & Shiba Inu, are gaining back the lost attention. While the entire market is consolidating on election eve, these memecoins have been performing well, with a notable rise in the social sentiments as well.

The majority of the coins remain under sellers' pressure, according to CoinMarketCap.

Cryptocurrency analyst and trader Ali Martinez, known on the X platform under the name @ali_charts, has published a tweet to show that the original meme cryptocurrency, DOGE, loved by many traders, is facing a potential correction ahead.

Over the past 24 hours, Dogecoin (DOGE) has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.

The price of the popular meme cryptocurrency Dogecoin (DOGE) soared over 6.3% today, with a large green candle now heralding its daily chart. As a result of this action, Dogecoin is now quoted above the $0.168 mark, which is the highest price since the end of October, and if we zoom out from the fall 2024 period, it is the highest price for DOGE since May.

As Bitcoin struggles to get back above the $69,000 resistance, and most of the altcoins are bleeding out with all the uncertainty caused by the US election, it does seem odd that the memecoins are starting to run. Dogecoin ($DOGE) is leading that run, and the top memecoins are following.

There is rising liquidity around DOGE as more traders become more interested in the memecoin.

While the broader crypto market experiences a slight downturn ahead of today's US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday.

The success of Dogecoin and the rest of the meme coins will happen irrespective of who wins the US 2024 presidential election.

Dogecoin outperforms the crypto market on U.S. election day, rising 13.5% amid Elon Musk's D.O.G.E. comments, Trump's poll lead, and a bullish “golden cross” setup.

As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.

As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.

Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.

At around 80%, the current dominance levels of Bitcoin (BTC) Ethereum (ETH) Tether (USDT) and USD Coin (USDC) on the cryptocurrency market suggest that the landscape may be changing. The market may see a reversal following one final push to this resistance level before the year ends, as the dominance of these core assets has historically peaked at about 82%.

DOGE's price surge came after the latest Musk interaction.

Dogecoin price rally has resumed as the United States prepares to elect its next president. With its strong community support and increasing mainstream acceptance, DOGE is in a unique position to benefit from the increasing attention and political market shifts stemming from the U.S. election.

Dogecoin has been the best-performing cryptocurrency (from the top 100 list) in the past 24 hours.

Dogecoin has achieved notable 5.63% weekly gains, testing the $0.175 resistance level while outperforming major cryptocurrencies in a declining market

Dogecoin (DOGE) has surged by 10% in the past 24 hours, emerging as the top performer among the top 10 cryptocurrencies. This rally follows the November 2 Doge Day celebration, which honored Kabosu, the Shiba Inu behind the original meme and a nod to Elon Musk's influence on Dogecoin.

Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed confidence in the doggy-themed meme coin among prominent large-scale investors.

The upcoming token unlocks, including major releases, could influence crypto prices and investor sentiment.

BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.

Despite the BTC price struggling at the $68,000 level and the broader market chaos due to the US market elections, Dogecoin ranks as a top performer. With a bullish recovery rally leading to two consecutive bullish candles, the meme coin prepares for a massive rally.

Crypto analyst Miles Deutscher believes that memecoins could be the standout performers, regardless of the U.S. election outcome. Deutscher suggests that the unique risk-reward ratio in the memecoin sector makes it a lucrative bet, especially in uncertain political climates.