<ul><li>Dogecoin (DOGE) has rallied over 23% in the past 24 hours, reaching its highest value since Oct. 2021.</li><li>DOGE now has a market capitalization of over $41.2 billion, making it the sixth-largest cryptocurrency.</li><li>The rally is attributed to speculation surrounding Elon Musk's support of Dogecoin in the Trump administration.</li><li>DOGE's bullish price action is accompanied by an increase in open interest-weighted funding rates and short liquidations.</li></ul>

Why is Dogecoin price up today?

Discover more