Senator Declares 'D.O.G.E is Essential': Will Dogecoin Reach $1?

The Doge army has infiltrated the US Senate through Republican Senator Joni Ernst. Dogecoin creator Billy Markus posted a clip capturing Ernst's recent speech on the effectiveness of the Government with the phrase "Doge is essential." Markus tweeted under the username "Shibetoshi Nakamoto", referring to the creator of Bitcoin, Satoshi Nakomoto, combined with "Shiba Inu", the dog breed that created the legendary meme from which Dogecoin and many other top meme coins were inspired. Nocoin founder Markus invented Dogecoin to mock the emerging field of meme currency, but ultimately created the largest meme currency to date, which also won the affection of meme enthusiasts and Tesla/SpaceX/X CEO Elon Musk, who often tweets to show his love for this currency during the 2021 Bitcoin price surge. In the video clip posted on Twitter, Ernst did not mention Dogecoin but DOGE, the abbreviation for an effective government oversight organization that Elon Musk, Trump's ally, led when Trump took office. Overall, meme coins had a terrible night last night. The sector fell 7.5% to reach a total market capitalization of 108 billion dollars. Dogecoin Price Analysis - Where is DOGE Heading Now? Dogecoin has recorded a loss larger than the average of 8% in the past 24 hours, down to 0.3199 dollars. However, Dogecoin's relative strength index (RSI) is 26, indicating that the currency is being oversold and trading below reasonable value. Some overnight buying transactions may bring the price back to a strong support level at $0.40.

Looking ahead, Dogecoin has significant potential to reach $1 if the market continues to grow. In addition, if cryptocurrency supporters like Donald Trump fulfill their promise of transparency in US regulations, the $DOGE price could rise even further, benefiting from a favorable market environment. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)