With Elon Musk’s DOGE initiative and Donald Trump’s victory in the US elections, Dogecoin has gained significant traction. With the impact of this, market optimism for DOGE is rising. An experienced analyst predicts that the DOGE price will soon reach $4. In fact, they have expectations beyond this. Another experienced analyst also predicts that DOGE will reach a new ATH soon.
Ali Martinez: Dogecoin will reach $4, even…
cryptokoin.comAs you follow from , the wind of Donald Trump’s victory is blowing in the market. Dogecoin, which has won the admiration of Elon Musk, a particularly strong Trump supporter, is at the center of the market. Meme coin managed to rise above $0.20 today. However, analysts expect more from DOGE. Popular crypto analyst Ali Martinez says Dogecoin price is ready to reach $4 in the coming days. He is also fueling speculation with his bold prediction of stronger rallies in DOGE price.
In particular, Martinez notes that DOGE is “poised for a wild ride” with Elon Musk “now” supporting Donald Trump, the 47th President of the United States. The analyst shares historical trends to support his prediction. According to him, if these trends repeat, it is possible for DOGE to rise above $4 or $23.
Source: Ali MartinezPeter Brandt: We trust Musk!
This bold prediction created strong optimism for Dogecoin among market participants. Another crypto analyst, Peter Brandt, also says that 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. Additionally, he has previously mentioned DOGE multiple times on social media platforms. These triggered the Dogecoin price rally.
Source: Peter BrandtWill Elon Musk’s DOGE target the Fed?
Discussions regarding Elon Musk’s Department of Government Efficiency, or DOGE, also continue. This debate began when Donald Trump previously offered Musk a cabinet seat if he was elected. However, Musk later stated that he did not want to be part of the cabinet. But he noted that he wants to run DOGE, which will focus on Federal cost reductions.
This move sparked controversy among market participants. Elon Musk also shared a series of memes on this subject. Additionally, the short form of the department 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 alongside him at the Department of Government Efficiency, which has fueled market speculation. Paul also accepted the proposal, which many saw as a move against the Fed and Chairman Jerome Powell. The Fed is also drawing criticism from the billionaire Tesla CEO for postponing interest rate cuts in August.
