Traders are linking the rising popularity of Dogecoin to Trump's involvement in its potential embrace by a planned government efficiency initiative, igniting bullish sentiments among investors.
Elon Musk's potential role in the D.O.G.E. framework is seen as integral to Dogecoin's resurgence, particularly following his visibility at recent Trump events.
With DOGE futures nearing record highs, the surge in trading interest reflects broader confidence in the asset, driven by political and social influences linked to Donald Trump.
The significant increase in DOGE-denominated futures indicates a growing belief in the token's market potential, especially as volatility may increase with contract expirations.
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