Dogecoin has experienced a remarkable year in 2024, reaching a three-year high due to bullish sentiments fueled by figures like Elon Musk and President-elect Donald Trump. After languishing below its all-time high of $0.73, the price surged to $0.48 following Trump's election victory. Concurrently, Musk's advocacy of a proposed U.S. government agency named after Dogecoin played a pivotal role in boosting investor interest. Despite facing technical challenges, including a reported attack on public nodes that the Dogecoin Foundation disputed, the coin remained resilient. Additionally, with the potential introduction of Dogecoin-themed exchange-traded funds (ETFs), 2024 looks promising for this meme-inspired cryptocurrency. Overall, Dogecoin’s performance this year reflects both the volatile nature of the crypto market and the significant influence of prominent advocates.

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