Dogecoin surged 25% on Wednesday, reaching $0.2068, as traders speculated on a potential Donald Trump victory in the U.S. presidential race. The rally was fueled by Trump's pro-crypto stance and Elon Musk's vocal support for both Trump and Dogecoin.

Dogecoin's price has shot up further as we see whether Donald Trump wins—and if Elon Musk will get to lead a government agency called D.O.G.E.

Elon Musk is mounting a full-court press for the former President Donald Trump today, deploying his platform X to get out the vote for Trump, shout down the “legacy media” and predict a “landslide” for the GOP in Pennsylvania — giving Americans a look at what happens when a global social media platform throws its weight behind a single party and candidate.