After celebrities, Dogecoin [DOGE] seemed to be garnering the attention of politicians. This politician from Arizona prepping to become the governor of the region was seen including DOGE along with Bitcoin [BTC] and Ethereum [ETH] in her campaign.
Dogecoin was launched back in 2013 as a joke. However, over the years, the meme coin recorded parabolic growth. The altcoin amassed maximum attention from celebrities, GenZ, and now politicians. As the bulls continue to provide aid to the meme coin’s uphill journey, more people wanted in.
Kari Lake has been contesting to take over the role of Arizona’s governor. Similar to Arizona State Senator, Wendy Rogers, Lake was seen pushing for crypto-friendly laws. As governor, Lake intends to bolster the rights of the citizens of Arizona in holding cryptocurrencies. She tweeted,
An array of politicians, over the last couple of months have exhibited support for cryptocurrencies. While most of them stuck to Bitcoin, Lake wanted to dip her toes in Dogecoin waters as well. Meme coins are often overlooked by many authorities. Even though their value in terms of price is less compared to other prominent coins, their popularity triumphs everything.
Additionally, Arizona State Senator Wendy Rogers previously acknowledged meme coins. But, the one that caught her eye was Dogecoin – killer, Shiba Inu [SHIB].
Arizona has been making immense news in the crypto-verse following its move in making Bitcoin a legal tender. The bill seeking a legal stature for Bitcoin is speculated to be shot down. Yet, the politicians in Arizona persisted in their interest in crypto.
Dogecoin records massive spike
Mirroring the sentiment of the crypto market, Dogecoin decided to ride the bullish wave. At press time, DOGE was trading for $0.1678 with a 6.31% surge over the previous 24-hours. The meme coin even rose by 17.79% over the last couple of days.
Further moving on to its market cap, Dogecoin’s market value soared to $22.24 billion, Despite this, the coin slipped down the crypto ladder and claimed the 12th position. DOGE’s counterpart Shiba Inu was just below in the 13th position with a market cap of $19 billion.
The overall market cap of the crypto-verse also saw recovery. The numbers surged by 4.41% over the last 24-hours further pushing the market over $2 trillion.