With Elon Musk’s D.O.G.E initiative and Donald Trump’s victory in the US elections, Dogecoin has gained considerable traction. As a result, market optimism for DOGE is rising. An experienced analyst predicts that the DOGE price will soon reach $4. In fact, there are expectations even beyond that. Another experienced analyst predicts that DOGE will soon reach a new ATH.
Ali Martinez: Dogecoin will reach $ 4, even…
As you follow from Kriptokoin.com, the wind of Donald Trump’s victory is blowing in the market. Dogecoin, which has won the admiration of Elon Musk, a strong Trump supporter, is at the centre of the market. The meme coin managed to rise above $ 0.20 today. However, analysts expect more from DOGE. Popular crypto analyst Ali Martinez says that the Dogecoin price is ready to reach $4 in the coming days. He is also fuelling speculation with his bold prediction of stronger rallies in the DOGE price.
In particular, Martinez notes that with Elon Musk’s ‘now’ support for Donald Trump, the 47th President of the United States, DOGE is ‘poised for a wild ride.’ The analyst shares historical trends to support his prediction. According to him, if these trends are repeated, it is possible for DOGE to rise above $ 4 or $ 23.
Peter Brandt: We trust Musk!
This bold prediction has created strong optimism for Dogecoin among market participants. Another crypto analyst Peter Brandt says DOGE is ready to reach a new ATH. Meanwhile, Brandt also mentions Elon Musk in his article while sharing his bold prediction. In this context, Brandt said, ‘We Trust Musk’. We know that Elon Musk is an active fan of Dogecoin. He also mentioned DOGE many times on social media platforms before. These also triggered the Dogecoin price rally.
Will Elon Musk’s D.O.G.E. target the Fed?
The debate about Elon Musk’s Department of Government Efficiency, or D.O.G.E., continues. This debate began when Donald Trump previously offered Musk a cabinet seat if elected. However, Musk later stated that he did not want to be part of the cabinet. However, he noted that he wants to manage D.O.G.E, which will focus on Federal cost reduction.
This move sparked controversy among market participants. Elon Musk also shared a series of memes on this topic. Also, the department’s short form triggered the Dogecoin price rally. This attracted the attention of crypto market enthusiasts, especially the DOGE community. Meanwhile, Musk recently said he would like to see former Congressman Ron Paul and his expertise at the Department of Government Efficiency, which fuelled market speculation. Paul also accepted the suggestion, which many saw as a move against the Fed and its Chairman Jerome Powell. The Fed is also reacting to the billionaire Tesla CEO for delaying interest rate cuts in August.
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