Could Trump’s Victory and Elon Musk Advisory Role Push Dogecoin to $1?

Dogecoin (DOGE) continues to surge after the US election, raising the question: could Dogecoin finally hit $1?

With the current market cap of approximately $30 billion and a 4.93% increase today, things are looking exciting for this meme coin.

The crypto market, in general, is seeing a lot of movement, with most meme coins on the rise.

Dogecoin (DOGE) price analysis

As excitement builds, Dogecoin stands out due to its solid growth. According to an article from ‘Sasha Why Not,’ meme coins like DOGE, PEPE, WIF, BONK, and SHIB create a sense of fun and participation in the crypto world, attracting millions of fans globally.

Despite the appeal, however, the real question is how many of these meme coins actually offer profitable returns. While some investors get lucky with gains of 10x to 100x, meme coins come with inherent risks. Dogecoin, however, is different.

Backed by a strong community and high-profile figures like Elon Musk, who continues to support the project, Dogecoin has the potential for steady growth. At around $0.20, it’s likely to reach its all-time high of $0.60, which would represent a 2x return.

If it hits $1, that could result in a 5x increase, making it a bullish and realistic prediction. While meme coins are always a gamble, Dogecoin seems like a safer bet compared to others in the space.

Looking at the technical analysis of Dogecoin, oscillators are neutral, while moving averages strongly signal a buy, contributing to an overall summary “buy” outlook, which is quite bullish.

Dogecoin (DOGE) price prediction

Numerous news outlets are covering Dogecoin’s recent rally, fueled by Elon Musk’s involvement and the potential impact of a new “D.O.G.E” commission within the Trump administration.

For example, Dogecoin surged 8% as Elon Musk celebrated Donald Trump’s victory, and articles like “Dogecoin Golden Cross Appears as Price Probes Key Fibonacci Hurdle” and “Donald Trump And Elon Musk Fuel Huge Bitcoin Price Predictions As Dogecoin Soars” are generating a lot of buzz.

If Bitcoin hits $100,000 by 2025, it’s expected that Dogecoin will also hit at least $1, as history shows meme coins tend to follow Bitcoin’s price highs.

Dogecoin is even outpacing Bitcoin in the aftermath of the elections, and with Musk slated to head the Dogecoin commission, it’s clear that Dogecoin has made its mark, even in the White House. Another bullish prediction suggests Dogecoin could see a 50% rally in just 20 days, having already surged 50% since mid-October.

Dogecoin has also broken through the $0.17 resistance level, now sitting at $0.20, positioning itself to potentially hit $1 in the near future. In light of all this, many are encouraging investors to buy into Dogecoin before its price skyrockets.

With predictions of Dogecoin reaching new heights, particularly with Musk’s advocacy and potential government involvement, the project’s future looks incredibly promising, possibly pushing Dogecoin to $6 or beyond, far surpassing its all-time high.

Pepe Unchained (PEPU): Next meme coin to explode

If the market enters a new rally, meme coin presales might also benefit, especially due to Elon Musk’s support for $DOGE and past meme coin gains after elections.

Pepe Unchained is one of these new coins, showing potential for growth if the current momentum continues and if it performs well post-launch, just as it did during its presale. So far, $PEPU has raised $25.9 million in its ICO, with more milestones likely ahead.

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