The well-known meme coin that shocked the world of cryptocurrencies, Dogecoin, shows strong increasing momentum in price. In this sense, rumors abound about whether the token is at the brink of another significant surge, most likely concerning the illusive $1.60 barrier. But what is fuelling this hope, and how once more Elon Musk is instrumental in its development?
Strong On-Chain Activity Supports DOGE Surge
Further to Musk’s influence, strong on-chain activity underpins the recent price increase in Dogecoin, with the cryptocurrency recording a notable increase in transactions, active addresses, and whale accumulation. According to data from the blockchain, active addresses interacting with the Dogecoin network have surged notably in the last few weeks to reflect renewed interest by both retail investors and larger holders in the asset. Large DOGE transactions, typically consisting of institutional buyers and high net worth individuals, are also growing and could be an indication that big players are gearing up for a potential rally. The uptick in on-chain activity is indicative of the price of Dogecoin going further up in the short to medium term.
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Elon Musk’s Influence
Long a powerful player in the crypto scene, Elon Musk, the CEO of Tesla and SpaceX, especially given his fondness for Dogecoin, has Mass price swings for DOGE have typically resulted from Musk’s tweets, memes, and public endorsements, therefore confirming his significant role in the coin’s ascent. But after a federal lawsuit charging Musk of manipulating the value of cryptocurrencies, including Dogecoin, the tech entrepreneur momentarily stopped public advocacy of digital assets. Notwithstanding this, Musk has lately made a major comeback, especially in the political sector, where his backing of former President Donald Trump’s possible 2024 re-election campaign has attracted a lot of interest. Fascinatingly, Trump has indicated that should Musk win, he may be very important in his future government, perhaps supervising a recently suggested Department of Governmental Efficiency (DOGE). The synchronicity of this department’s name reflecting Dogecoin’s ticker has generated buzz among crypto enthusiasts, therefore inspiring fresh hope in the meme coin. Musk created waves during a heavily reported Trump rally at Madison Square Garden on October 27th by supporting the proposed Department of Governmental Efficiency (DOGE), speculating that such a department might save the U.S. government up to $2 trillion in annual budget expenses. Though hypothetical, Musk’s remarks have generated interest and conjecture about the potential of Dogecoin to be more involved in government processes, even if in a just symbolic sense.
Strong on-chain activity and increasing investor interest along with this unexpected political turn have driven DOGE bulls to focus on a possible price goal of $1.60, a significant benchmark for the meme coin. With Musk’s influence reemerging and the larger market displaying strength, Dogecoin’s future path stays an interesting subject of discussion for both traders and crypto investors. While Dogecoin enthusiasts target a 10x spike, another cryptocurrency, Rexas Finance (RXS, is secretly positioned for a far more significant climb.
Rexas Finance (RXS): A Bigger Rally on the Horizon?
Rexas Finance is an Ethereum-based token that enables users to acquire and tokenize real-world assets in the most seamless manner possible. Be it full ownership or fractionalized holdings, Rexas Finance opens up a world of possibilities whereby users can offer or acquire assets anywhere around the world with just a click. The fourth stage presale for Rexas Finance (RXS) has just closed, having sold out much earlier than expected, with $5,450,000 raised beating projections. It’s now available in stage five, where 45 million tokens are available at $0.07 each.
Why Rexas Finance Could be the Best Performing Altcoin in 2025?
Rexas Finance is gaining momentum, and it is planning to list on three top-tier exchanges, with a parallel $1M giveaway. The Giveaway has more than 162,000 entries, and 20 random individuals have been picked to get $50,000 worth of RXS tokens each. While this potential 10x return for Dogecoin is sure to excite investors, the outlook for Rexas Finance is much greater at up to 150x returns. As this token continues gaining momentum, there is an opportunity for anyone looking to catch the next big thing in crypto and perhaps outshine DOGE in its success.
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Website: https://rexas.com
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