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COINTURK NEWS > Meme Token > Elon Musk and Vivek Ramaswamy Meet with Congressional Leaders
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Elon Musk and Vivek Ramaswamy Meet with Congressional Leaders

In Brief

  • Elon Musk and Vivek Ramaswamy will meet with congressional leaders next week.

  • Dogecoin price predictions suggest significant potential for growth.

  • Government reforms may have a positive impact on cryptocurrency markets.

Fatih Uçar
Fatih Uçar 6 months ago
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Elon Musk and Vivek Ramaswamy are set to meet with Republican House and Senate members next week. According to information released by House Speaker Mike Johnson, the Government Efficiency Department (DOGE) will present significant reform proposals regarding government regulations and agencies. There are expectations that the Dogecoin $0.188837 price will surpass the $1 mark, potentially leading to a substantial rise.

Contents
DOGE Leaders in CongressDogecoin Price Predictions

DOGE Leaders in Congress

House Speaker Mike Johnson confirmed that Musk and Ramaswamy will meet with Republican House and Senate members on December 5th. The Republican Party holds the majority in both chambers of the U.S. Congress. Support for Donald Trump and his candidates from the crypto industry has contributed to the Bitcoin $104,666 price aiming for the $100K target and Dogecoin reaching a three-year high.

Dogecoin Price Predictions

Dogecoin has experienced a significant increase due to the promised government changes and crypto-friendly regulations from Trump and Musk leading up to the elections. The price of DOGE rose by 6% in the last 24 hours, currently trading at $0.42, with a low of $0.400 and a high of $0.437 during this period. Additionally, trading volume surged by over 80% in the last 24 hours.

In the derivatives market, the total open positions of Dogecoin futures increased by 6% in four hours and by 15% within 24 hours. The open position of 8.85 billion DOGE futures is currently valued at $3.80 billion, indicating support for further upward movement.

An analyst from Bluntz Capital predicts that Dogecoin’s price could rise by 420%, reaching $2.2. Furthermore, they noted that the DOGE/BTC pair chart is targeting a significant increase, suggesting that the $1 level could be achieved soon.

Rekt Capital observed that Dogecoin’s price has formed an ‘ascending triangle’ pattern on the daily chart. This pattern indicates that the meme coin could receive another inflow of funds. They stated that a close above $0.43 for DOGE would confirm its exit towards $1 and added that the formation of a ‘golden cross’ on the four-hour chart could trigger a rise to $2.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 30 November, 2024 - 1:14 pm 30 November, 2024 - 1:14 pm
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