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Another contributory factor that could see an upward shift in price for Dogecoin is speculation around Tesla’s boss, Elon Musk. In the broader cryptocurrency space, the entrepreneur’s leanings toward DOGE is an open secret. For instance, in May, Tesla added DOGE to its list of accepted payment options. The development sparked debate as to the significance and whether Musk would extend goodwill to other assets.While investors await the coin’s price performance to pick up in the coming days, the rise in trading volume suggests that buyers are trying to consolidate their position in anticipation of a bullish rally.
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