Dogecoin’s price surged 6.4% recently, driven by Elon Musk’s playful social media antics, including a brief username change to “Kekius Maximus.” His influence on cryptocurrency valuations remains significant, particularly for meme coins like Dogecoin, as he takes on a leadership role in the upcoming Trump administration’s Department of Government Efficiency (DOGE). Despite this momentum, analysts caution that Dogecoin may not be a top investment choice compared to other stocks.
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