In accordance with Benzinga, Dogecoin (DOGE/USD) has experienced a 17% decline over the past month, trading at $0.3205. Despite this drop, a recent Benzinga poll indicates that 78% of respondents believe Dogecoin is more likely to reach 69 cents before falling back to 25 cents. This optimism is partly fueled by the pro-crypto stance of the new U.S. administration following Donald Trump's 2024 presidential election victory and the appointment of Elon Musk as head of the Department of Government Efficiency. Dogecoin, one of the top 10 cryptocurrencies by market capitalization, has seen significant price fluctuations, trading between $0.07497 and $0.4835 over the past year. The poll results suggest potential gains for Dogecoin, with the possibility of setting new 52-week highs. However, only 18% of respondents expect Dogecoin to reach its all-time high of $0.7376 by the end of 2024.
Dogecoin Down 17% in a Month, 78% Predict 69 Cents Before 25 Cents
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