Elon Musk is all set to run the formidable DOGE division with Vivek Ramaswamy. As Trump gears as much as assume the presidential function, his pro-crypto stance, coupled with reviving the dollar surge, is giving rise to many speculative situations. One such growth consists of the rise of Dogecoin and the way it can declare unprecedented new value highs if the market forces proceed to favor its momentum.
Can Dogecoin Become As Valuable As The Dollar Under Musk Trump Regime?
In one of many earlier episodes of Saturday Night Live, Musk had introduced how Dogecoin is as actual because the US greenback, and that he prefers himself to be acknowledged as “Dogefather.” In that very interview, Musk shared how Doge initially began as a joke on an web meme however now has taken over the market in a really “real way.”
Now that Trump’s regime gears as much as take over the White House, the prospects of Dogecoin hitting new highs is one thing that the market has already began to take a position on. For occasion, there are a number of linkages that sign an imminent value excessive for Dogecoin. Musk just lately uploaded a picture on X, claiming that he’s the “Dogefather.” This picture additionally led Doge to notice a spike in its value, laying out momentum for the token to leverage on.
Secondly, the institution of the Department of Government Efficiency or DOGE is especially the largest sign which will assist Doge rating new highs. The acronym is imagined to strongly symbolize Musk’s adoration for Dogecoin, which in the end could assist the token safe a brand new ATH within the lengthy haul.
Thirdly, Musk had additionally promised earlier that he could settle for funds in Dogecoin for his Tesla merchandise. This may additionally ship a powerful spot to Doge, delivering it the standing of an actual forex.
The Token’s Price Forecast For January 2025 As Trump Prepares To Assume Presidency
Trump can be assuming his presidential function in January 2025. The new 12 months could deliver a transformative wave of change for Doge below the Musk-Trump management.
Per CoinCodex, Dogecoin could spike excessive to hit the $0.46 value mark.
In February, doge could declare a excessive of $0.77, hinting in direction of establishing a optimistic value path within the close to future.
