Dogecoin Price Jumps 25% To Lead Market Gains, Why A Donald Trump Win Is Especially Bullish For DOGE

Share This Post

The Dogecoin price has experienced a massive pump, rising by a whopping 25% to lead current market gains. This notable increase comes on the heels of the United States Presidential election, where many crypto analysts view a potential Donald Trump win as an incredibly bullish outcome for the Dogecoin price. Moreover, Trump has publicly endorsed a new proposal by SpaceX and Tesla CEO Elon Musk to establish the Department of Governance Efficiency (D.O.G.E), fueling more positive market sentiment for the top meme coin. 

Dogecoin Price Soars 25% In One Day

In the last 24 hours, the Dogecoin price has shocked the meme coin and broader crypto market with a considerable value surge. This top meme coin has climbed by a whopping 25% and is continuously growing. 

The rapid rise in the price of Dogecoin to the $0.2 milestone aligns with the recent uptick in the crypto market, as top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are also seeing a significant upsurge. A combination of investor optimism regarding the potential establishment of Musk’s Department of Governance Efficiency and the US Presidential elections has led to the recent bullish sentiment and uptick in the Dogecoin price. 

On November 4, the crypto market was in a holding position, with investors taking on a wait-and-see approach ahead of the US Presidential election results. With early results already coming in, many investors have already predicted that a Trump win could lead to a significant bull run for Dogecoin.

These predictions are grounded in the new crypto narrative, D.O.G.E, spearheaded by Musk. The Dogecoin meme coin is set to gain new significance, with many in the crypto community likening Musk’s D.O.G.E acronym to reference the popular meme coin. 

Given the strong influence of social sentiment and market trends on meme coins, many speculate that if Musk successfully establishes the Department Of Governance Efficiency with Trump’s support, Dogecoin could become one of the official cryptocurrencies. Such a bullish move could lead to an unprecedented rally for the Dogecoin price. 

What A Trump Win Means For The Dogecoin Price

Numerous crypto analysts are betting big on the probability that a Trump win could lead to a significantly bullish outlook for the Dogecoin price. Notably, crypto analyst Shelby has disclosed on X (formerly Twitter) that DOGE has been showcasing strong performance and momentum recently, skyrocketing as though Trump has already won the US election

He predicts that if Trump wins the ongoing Presidential elections, the Dogecoin price could lead the meme coin market as it experiences a “parabolic rally.”  Similarly, a Dogecoin supporter on X, identified as ‘Dogegod,’ has projected that the price of the meme coin will reach the coveted $1 mark when Trump wins the US election.  

Dogecoin price

Numerous crypto community members and analysts share this bullish sentiment, citing Musk’s D.O.G.E proposal and Trump’s endorsement as major catalysts for a Dogecoin bull run. 

Dogecoin price chart from Tradingview.com

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold?

The post Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold appeared first on Coinpedia Fintech News Solana (SOL) and Dogecoin

ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone

The post ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone appeared first on Coinpedia Fintech News Ethereum’s price faces a crucial resistance zone between

Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025

The post Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025 appeared first on Coinpedia Fintech News Singapore Gulf Bank, backed by Bahrain’s Mumtalakat Sovereign Wealth

Decentraland and Sandbox Targets Unveiled: $1.56 and $2.26 in Sight!

The post Decentraland and Sandbox Targets Unveiled: $156 and $226 in Sight! appeared first on Coinpedia Fintech News With the broader market recovery, the altcoin segment has been set ablaze In this

Bitget Now Supports Bank Transfers in Vietnam via QR Codes

Bitget has announced its integration of bank transfers in Vietnam through QR codes, making it the first exchange to adopt this payment method This new feature allows users to deposit Vietnamese Dong

Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run

The post Top Altcoins to Buy Right Now For 50x Profits This Crypto Bull Run appeared first on Coinpedia Fintech News Recently Kyle Doops, host of Crypto Banter’s Trading Show, has revealed many new