The Dogecoin worth fell 20% this week to $0.31. Markets dropped as Trump picked Katie Miller to run the Department of Government Efficiency (DOGE). This new position may change crypto guidelines and have an effect on how costs transfer.
How Market Volatility and Trump’s Appointment Could Impact Dogecoin’s Future
Latest Price Movements
The Dogecoin worth touched $0.267 Friday, which is the bottom in a month. Trader Tardigrade watched the Gaussian Channel, which helps spot worth traits. “The fast rebound from the $0.267 low to $0.34 shows great buying interest at lower levels,” Tardigrade explains.
Trump Picks New DOGE Leader
Thank you @realDonaldTrump to your belief. Deeply honored to give you the results you want at DOGE to make our authorities environment friendly and accountable. Let’s Make America Great Again! https://t.co/JYuvCEu6mp
— Katie Miller (@katierosemiller) December 23, 2024
Trump wrote on Truth Social: “Katie Miller will soon be joining DOGE! She has been a loyal supporter of mine for many years, and will bring her professional experience to Government Efficiency.” Miller replied: “Deeply honored to work for you at DOGE to make our government efficient and accountable. Let’s Make America Great Again!”
How Other Coins Compare
The Dogecoin worth nonetheless exhibits 233% good points from final yr, whereas different meme cash fell much more. Dogwifhat misplaced 32%, whereas Floki and Pepe dropped 27%. Shiba Inu fell round 23%, similar to DOGE.
Big Names Back DOGE
The Dogecoin worth may hit $1.12494 by 2025, says CoinCodex. Digital Coin Price thinks it’d attain $1.48 by 2026. Elon Musk helps DOGE by means of Tesla and SpaceX. He’ll work with the brand new division and Vivek Ramaswamy to assist crypto develop.
What’s Next
Large trades and market shifts transfer the Dogecoin worth every day. Miller, Musk, and Ramaswamy need fewer guidelines of their new division. This would possibly assist extra folks purchase crypto.
