Dogecoin To $1 Until December? Probably Not Happening, Polymarket Traders Say

Polymarket bettors appear skeptical about Dogecoin (CRYPTO: DOGE) reaching significant price milestones by December, with only a 6% chance assigned to Dogecoin hitting $1 and a 10% chance for $0.90.

What Happened: These odds reflect the market’s doubts, despite the recent surge in Dogecoin's value following Donald Trump's election and Elon Musk's involvement with the newly established Department of Government Efficiency, dubbed “DOGE.”

Currently, the highest chance Polymarket assigns is a 59% probability for Dogecoin hitting $0.45 by the end of November, indicating tempered enthusiasm among investors.

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