Dogecoin community, let's get moving! Trump launches DOGE apparel, even Bloomberg executives are optimistic about the future.

DOGE has shown outstanding performance recently, attracting attention from all sectors to follow.

In the cryptocurrency market, DOGE ($DOGE) has recently performed quite well, changing its previous image of being a joke. Data shows that the price of DOGE has surged over 200% in the past month, from $0.1105 per coin to $0.4359 per coin. According to CoinGecko, the DOGE market capitalization has increased significantly from $16.43 billion to $57.18 billion, surpassing Ripple (XRP) and Stable Coin $USDC, and becoming the sixth largest cryptocurrency by market capitalization. Despite the current market selling pressure, which has caused a drop to $0.3903, a decrease of approximately 10.46%, the overall trend remains strong. This surge is mainly driven by investors' expectations of the Trump camp's policies and the overall optimism in the cryptocurrency market.

Source: CoinGecko DOGE ($DOGE) has risen to become the sixth largest cryptocurrency.

Bloomberg's senior management deeply analyze the advantages of DOGE coin

Bloomberg's global team leader for Cryptocurrency, Michael P. Regan, recently expressed his views on the show, pointing out that DOGE is not just a Virtual Money derived from internet memes. He analyzed the advantages of DOGE from multiple perspectives:

First of all, in terms of payment functionality, DOGE has much lower transaction fees than BTC, making it an ideal choice for cross-border payments. Especially in emerging markets, overseas Venezuelans often use DOGE as a channel for remittances back home, greatly saving on transaction fees.

Secondly, at the business application level, more and more merchants have started to accept DOGE payments. For example, well-known merchants such as Williamsburg Pizza in New York have developed payment systems that support DOGE, demonstrating its increasing practicality. In addition, Regan specifically pointed out that DOGE has greater volatility than Bitcoin, which allows it to create more significant gains when the overall encryption currency market rises, similar to how some stocks experience larger increases when the S&P 500 index rises slightly.

Trump's campaign launches 'DOGE' themed clothing, Musk effect sparks waves again.

In the midst of this wave of rising prices, the most eye-catching moves have come from the Trump camp. Recently, the Trump team launched a unique DOGE T-shirt on its campaign website, priced at $28. The design of this T-shirt is quite ingenious, incorporating a futuristic Mars orange background, portraits of Trump and Musk, and the iconic Shiba Inu mascot of DOGE. The release of this product is not simply campaign merch, but is closely related to Trump's latest policy proposals.

Image source: Trump campaign website. The Trump campaign launched a 'DOGE' themed T-shirt, priced at $28.

The Trump campaign has announced that if they return to the White House, they will establish the Department of Government Efficiency (DOGE) and appoint technology billionaires Elon Musk and Vivek Ramaswamy to key positions in the department. This news immediately sparked a strong market response, with DOGE's daily volume soaring to an astonishing $47 billion.

It is worth noting that Musk has repeatedly supported DOGE on social media in the past. According to statistics, between May and November 2021 alone, he posted 30 posts related to DOGE on 22 different days. Whenever Musk mentions DOGE on social media, it can cause significant price fluctuations, with a record single increase of 32%. He even temporarily changed the logo of Twitter (now renamed X) to a Shiba Inu pattern of DOGE, once again proving his immense influence on the trend of DOGE.

Image source: X. Elon Musk has mentioned 'DOGE' multiple times on X.

As we all know, DOGE investors have also sued Musk, accusing him of orchestrating these "publicity stunts" to make profits, accusing him of "being played for suckers" at all. However, the complaint was dismissed by the court at the end of August, with the judge saying, "Do you believe him when he posts a bragging article?"

Market prospects are attracting attention, experts urge to guard against risks

Although DOGE has not yet reached a new all-time high, market investors are generally optimistic about its future development due to the policy vision of the Trump team and the continued influence of Musk. Experts believe that DOGE's practicality, low transaction cost, and strong support network in the political and business sectors could be key factors driving its continued upward value.

However, market participants also remind investors to follow related risks with caution. Due to the more volatile price fluctuation of shitcoin compared to other mainstream cryptocurrencies, investors must fully evaluate their risk tolerance when making investment decisions. At the same time, there are still many uncertainties in the overall regulatory environment of the cryptocurrency market, and these factors may also have an impact on the future development of shitcoin.

[Disclaimer] The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Invest at your own risk.

The Dogecoin community is on the move! Trump launches DOGE clothing, even Bloomberg executives are optimistic about the future. This article was first published in 'encryption city'.