Dogecoin to a dollar? Not quite—but a quarter is in reach, and that's the highest price that the original meme coin has seen in nearly three full years.
DOGE has continued to make monstrous gains into the weekend, rising nearly 20% over the last day to hit a current price of $0.247. The last time Dogecoin's price was this high was in November 2021, during a crypto market surge that pushed Bitcoin to what was then an all-time high mark of around $69,000.
The O.G. meme coin has now more than doubled in value over the last month, jumping 128% during that span. In the last week alone, DOGE is up 66%, per data from CoinGecko. However, it remains well short of its all-time high mark of $0.73 from May 2021.
What's fueling the current hype? As previously covered, Dogecoin began jumping in recent weeks as Tesla and SpaceX CEO Elon Musk—an avowed Dogecoin fan who has routinely pumped the price with his antics over the years—more actively threw his support behind Donald Trump, joining the now President-elect on the campaign trail.
As Musk spoke about a potential Department of Government Efficiency (D.O.G.E.) agency that Trump has said the tech titan could lead, the buzz helped fuel Dogecoin's rise, securing multi-month high price marks for the coin.
Now with Trump's win secured and the broader crypto market surging on the back of the Republican candidate's many crypto industry promises, Dogecoin traders have been whipped into a frenzy, and the coin is rising to heights unseen since 2021.
It's not alone in skyrocketing right now, either: Bitcoin nearly touched $80,000 early Sunday, falling just short at a new all-time high price of $79,993 per data from CoinGecko. BTC broke its previous high mark of $73,737 on Tuesday as Trump's win was starting to look more certain, and has continued to push to new peaks in the days since.