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As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.

As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.

Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.

At around 80%, the current dominance levels of Bitcoin (BTC) Ethereum (ETH) Tether (USDT) and USD Coin (USDC) on the cryptocurrency market suggest that the landscape may be changing. The market may see a reversal following one final push to this resistance level before the year ends, as the dominance of these core assets has historically peaked at about 82%.

DOGE's price surge came after the latest Musk interaction.

Dogecoin price rally has resumed as the United States prepares to elect its next president. With its strong community support and increasing mainstream acceptance, DOGE is in a unique position to benefit from the increasing attention and political market shifts stemming from the U.S. election.

Dogecoin price rally has resumed as the United States prepares to elect its next president. With its strong community support and increasing mainstream acceptance, DOGE is in a unique position to benefit from the increasing attention and political market shifts stemming from the U.S. election.

Dogecoin has been the best-performing cryptocurrency (from the top 100 list) in the past 24 hours.

The memecoin DOGE is still far from its ATH reached in 2021.

Dogecoin has achieved notable 5.63% weekly gains, testing the $0.175 resistance level while outperforming major cryptocurrencies in a declining market

Dogecoin (DOGE) has surged by 10% in the past 24 hours, emerging as the top performer among the top 10 cryptocurrencies. This rally follows the November 2 Doge Day celebration, which honored Kabosu, the Shiba Inu behind the original meme and a nod to Elon Musk's influence on Dogecoin.

Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed confidence in the doggy-themed meme coin among prominent large-scale investors.

The upcoming token unlocks, including major releases, could influence crypto prices and investor sentiment.

BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.

Despite the BTC price struggling at the $68,000 level and the broader market chaos due to the US market elections, Dogecoin ranks as a top performer. With a bullish recovery rally leading to two consecutive bullish candles, the meme coin prepares for a massive rally.

Crypto analyst Miles Deutscher believes that memecoins could be the standout performers, regardless of the U.S. election outcome. Deutscher suggests that the unique risk-reward ratio in the memecoin sector makes it a lucrative bet, especially in uncertain political climates.

Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action.

The leader of dog-themed cryptocurrencies, Dogecoin (CRYPTO: DOGE), surged Monday after Elon Musk mentioned DOGE, an acronym for the potential Department of Government Efficiency, during a podcast with Joe Rogan. What happened: The largest meme coin by market capitalization jumped over 6% in the last 24 hours, rising to the top of the daily gainers list.

Dogecoin's impressive weekly gains are usually a sign of renewed interest in memecoins.

Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

The Dogecoin price is the biggest gainer among the top cryptos by market cap on the eve of the US election. This says a lot about how the foremost meme coin could benefit most from a potential Donald Trump victory, especially with Elon Musk's involvement.

Cryptocurrency markets are trading lower on the day before the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,873.44 -1.1% Ethereum (CRYPTO: ETH) $2,429.33 -0.8% Solana (CRYPTO: SOL) $159.90 -0.6% Dogecoin (CRYPTO: DOGE) $0.1596 +7.5% Shiba Inu (CRYPTO: SHIB) $0.00001691 -1.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%.

The Doge Jones Industrial Average, a meme coin designed as a humorous nod to the traditional Dow Jones Industrial Average, has introduced its latest tool, a meme coin sentiment tracker to capture real-time market sentiment within the space. What Happened: The launch aims to engage younger generations such as Gen Z and Gen Alpha, who are increasingly seeking alternative avenues for financial independence amid economic uncertainties.

Top online poker site CoinPoker is launching the meme Millions Tournament Series on November 17, and as the name implies, there's $1,000,000 worth of prizes up for grabs. Whether you are new to meme coins or have already dabbled in this red-hot crypto sector, there's something in Meme Millions for everyone.