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Donald Trump has recently announced the formation of a new program known as the Department of Government Efficiency (DOGE) to enhance the working of the federal government in the United States. The new department which has been formed to eliminate government expenses to the tune of $2 trillion or more will be spearheaded by billionaire […]
Leading figures in the crypto sector have highlighted Dogecoin as the potential top beneficiary of a victory by Donald Trump in upcoming US elections. Andrew Kang, founder and CEO of Mechanism Capital, took to X to express his insights on the matter. One of the most interesting ways to express a Trump Victory trade would probably be owning DOGE (and other memes), Kang wrote. Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would be making headlines every week and be pushed forward by Trump, he added. Well-known Dogecoin advocate Elon Musk has been proposed by US presidential nominee Donald Trump to lead a Department of Government Efficiency if Trump wins a second term. This commission aims to conduct a comprehensive audit of federal finances and performance, and could be in the spotlight for many months in case of a Trump victory. Related Reading: Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising Imran Lakha, a seasoned professional options trader with two decades of experience, echoed Kang’s sentiments. We mentioned this in last week’s podcast with Raoul Pal, he commented, pointing to a deeper discussion on the topic. Why Dogecoin Could Be The Top ‘Trump Victory’ Trade Raoul Pal, co-founder of Real Vision Group and Global Macro Investor (GMI), and former head of hedge fund sales in equities and equity derivatives at Goldman Sachs, elaborated on the dynamics of memecoins and specifically Dogecoin during the podcast. The other thing about memecoins that is really interesting is Bitcoin now there’s such a heavy narrative you go around it. You need to understand the history of money and you know blah blah blah, Pal remarked. And memecoins are like the meme number that goes up. Right, that’s so much easier and much less inhibiting to a 25-year-old. Pal emphasized the appeal of memecoins to younger investors, attributing it to the straightforward allure of potential gains. There’s a trend, so now you’re just capturing an attention trend, he explained. Look, don’t judge them with your kind of financial market wealth. They’re all going to get blown up; they know what they’re doingwhich is attention is fleeting gamblingand I’m going to gamble how long that attention goes on for and how valuable it becomes, knowing that it’s not going to be persistent. Related Reading: Active Dogecoin Addresses Reach Highest Level In 8 Months Is DOGE About To Rally? He also highlighted Dogecoin’s historical performance and chart patterns. In the previous cycle, Dogecoin went to $100 billion. So there’s a lot of upside on most of them. People don’t understand that the DOGE chart is a killer weekly chart, Pal noted. If I just look at the weekly chart of [DOGE], there’s been a massive wedge for a few years, spike, massive wedge, spike, and it’s like this perfect thing. It’s like it’s a thing of beauty, that chart. So I’m long DOGE. Regarding Elon Musk’s involvement, Pal suggested that the Tesla and SpaceX CEO has intentionally went silent about Dogecoin recently. He speculated that Musk, who has aligned himself with Trump, may be strategically avoiding conflicts with the Biden-Harris administration because there’s only a certain number of battles Elon can take at once, while planning to integrate Dogecoin into X after Trump is elected. He speculated on Musk’s strategic positioning: I just think he doesn’t want to have that fight, but I still think it’s gonna happen. That’s why he’s chummy with Trump, right? Because if he’s chummy enough with Trump and Trump gets in, then that’ll be an easier fight for him. Pal suggested that integrating Dogecoin into platforms like X could revolutionize global transactions. If you were to use DOGE as the currencybecause unlike Facebook Libra, he’s not launching a currency; it existsand then we could all use DOGE payments on Twitter, he said. The issue is that it’s a big fight with the government when you’ve got a platform of 500 million people and you’re going to introduce a currency onto it. At press time, DOGE traded at $0.12512. Featured image from X, chart from TradingView.com
Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dogecoin price. This is based on both technical and fundamental analysis, which proves that DOGE could record a 500% price surge from its current level. Analyst Predicts 500% Surge For The Dogecoin Price In an X post, crypto analyst Javon Marks predicted a 500% surge for the Dogecoin price, representing a 5x increase from its current level. The analyst explained that Dogecoin is back showing strength, and by its historical performance, DOGE can be set for an over 432% gain at the least from its current level. Related Reading: Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH? Javon Marks further remarked that the Dogecoin price could rally above the 1.618 Fib extension, which is currently at $2.2. In line with this, the analyst added that market participants could still be early, considering that DOGE could witness a 5x price increase from its current level. Crypto analyst Trader Tardigrade also recently predicted that the Dogecoin price could rally above $2. In an X post, the analyst stated that the meme coin had formed a bull flag on the 2-day chart. According to the analyst, this DOGE bull flag pattern puts a target of over $2 for the foremost meme coin. The crypto analyst had previously predicted that the DOGE price could even rally as high as $8 if it mirrors the 2017 bull run. He added that DOGE could also reach $30 if it mirrors the 2021 bull run. These projections further prove that the foremost meme coin could at least record a 500% price surge from its current level. Crypto analyst Master Kenobi has also previously predicted that Dogecoin could rally to $2 in this cycle and top around $3. Bullish Fundamentals Also Support A 5x Increase For DOGE The Dogecoin price also boasts bullish fundamentals, which support a 5x increase from its current level. One of the fundamentals includes the potential launch of a Dogecoin exchange-traded fund (ETF) in the US. Asset manager Bitwise recently filed for a Dogecoin ETF in Delaware, indicating that an application with the US Securities and Exchange Commission (SEC) may be next. Related Reading: Dogecoin Power Of 3 Pattern Enters Distribution Phase: Massive Bull Run Incoming? Asset manager REX Shares, in collaboration with Osprey, already filed with the SEC to offer a Dogecoin ETF. This is bullish for the Dogecoin price, considering the amount of institutional funds that could flow into the DOGE ecosystem if the SEC approves these funds. There is also a huge likelihood that the SEC will approve these funds, considering the pro-crypto climate under Donald Trumps administration. It is also worth mentioning that there has been a huge accumulation trend among DOGE whales, which is also bullish for the Dogecoin price. IntoTheBlock data shows there has been a 41% spike in the meme coins large transactions, with $23.35 billion traded in the last 24 hours. Another bullish fundamental is Elon Musks Department of Government Efficiency (DOGE), which puts the foremost meme coin in the limelight. At the time of writing, the DOGE price is trading at around $0.35, down almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Dogecoin (DOGE) is almost ready for a massive price breakthrough. In a recent X post, Javon Marks pointed out that DOGE is pulling back for the moment before it continues its upward movement. He forecasts a possible 108% growth which would take XRP above its previous record of $0.73905. DOGEs Institutional Adoption Boost From the […]
The Dogecoin price is at a critical juncture as a crypto analyst has pinpointed key price levels that could dictate its next significant move upwards. With the number one meme coin currently trading above $0.34, the analyst predicts a breakout to $1.4 if bullish conditions stay favorable and a price crash to new lows if Dogecoin fails to reach a critical level. Dogecoin Price: Will It Pump Or Crash? According to a TradingView crypto analyst known as Mindbloome-Trading, the Dogecoin price is on the verge of an exponential pump that will push its value above the coveted $1 mark. The crypto expert presented a video chart analysis, highlighting $0.46 as a crucial resistance level for Dogecoin. This price point aligns with the 0.382 Fibonacci level, which is often a significant barrier in technical analysis. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 The TradingView market expert has suggested that if Dogecoin surpasses the $0.46 resistance level, it could ignite a rally that propels the meme coin to its next bullish target at $1.4. Such a move would likely be driven by increased demand and buying pressure from investors. Conversely, the analyst shared a bearish outlook for Dogecoin. He indicated that if Dogecoin fails to maintain the support level at $0.3, the meme coin could be at risk of a severe decline. He predicts a DOGE price crash to a lower support level at $0.23, achieving new price lows not seen since 2024. Falling back to the $0.23 level could send bearish signals to the market, potentially leading to increased selling pressure and more declines. The analyst has revealed that Dogecoin is currently in a support phase, and its next price movements could determine the direction of its future value. While the TradingView crypto expert shares his bullish and bearish price forecast for Dogecoin, his detailed video chart shows Dogecoins price movements from 2020 to 2024, highlighting key peaks and troughs that indicate past volatility. The chart also pinpoints key support and resistance zones using Fibonacci extension and retracement levels to predict the meme coins next price level. Whats Driving Dogecoins Current Trend? The Dogecoin price is currently experiencing severe downside momentum despite multiple bullish forecasts suggesting an imminent rally. The major factors driving Dogecoins bullish sentiment in the crypto market are the recent inauguration of Donald Trump as the new President of the United States (US) and the influence of SpaceX and Tesla CEO Elon Musk, who has established the new Department of Government Efficiency (D.O.G.E) unit. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Despite expectations of a bull run, Dogecoin has declined by 9.64% in one day to trade at $0.34, according to CoinMarketCap. Nevertheless, analysts on the popular X social media platform remain bullish, forecasting significant price increases in the future. One notable prediction by crypto analyst and Dogecoin supporter David Butler suggests that the popular meme coin could rally by 100X to reach $34. While this projection may seem rather ambitious, the analyst is confident that a price increase to this level is inevitable. Featured image from Unsplash, chart from Tradingview.com
Elon Musks ambitious “Department of Government Efficiency” is set to face a lawsuit shortly after Donald Trump’s inauguration. Critics claim the project violates key federal transparency laws, sparking legal and political concerns. Lawsuit Slams Musks DOGE Elon Musk’s “Department of Government Efficiency” (DOGE) faces a legal challenge shortly after President Donald Trump’s inauguration. The lawsuit […]
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