Dogecoin (DOGE) is gaining momentum with each passing day as the Trump-Musk leadership continues to announce new anatomical changes in US politics. The US politics is now tilting towards experimentation, as Trump plans to holistically include cryptocurrency regimens into the US economic structure.
Such positive changes are all hinting at a new transformation, preferable for the crypto sector as a whole. With Musk’s fondness for DOGE and the Tesla chief leading the DOGE department, can such developments catapult the token to new price highs?
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Dogecoin To Hit $1?
Per crypto analyst Ali, DOGE is on its way to lay a claim on a new price spot. At press time, Bitcoin is currently up at $92K after briefly claiming the coveted price mark of $94K. Elon Musk taking charge of the DOGE department is also playing a crucial role in amping up the price of Doge, which may help the token claim new highs under his leadership alongside President-elect Donald Trump.
Musk recently took to X to share an image of himself with a headline that says “The Dogefather.” The market instantly responded to the aforementioned image, with Dogecoin raking in a 6% valuation to sit at a $0.38 price level.
In addition to this, analysts around the clock are spinning new positive price analyses for Doge to claim very soon. Per Ali, Dogecoin may enter into a parabolic zone if the token is able to breach and handle the pressure it may encounter at the $0.37 price level. The expert later shared that DOGE may hit the $0.82 price mark if DOGE manages to maneuver past the critical price mark of $0.37, surging 120% in the process.
“#Dogecoin $DOGE is breaking out of a bull flag, which anticipates a 120% rally to $0.82 as long as the $0.37 support holds.”
Dogecoin is expected to encounter a multitude of price spikes under the Musk-Trump leadership, provided the duo keeps the market ablaze with new crypto developments. The token may also claim the coveted $1 mark, given the fact that it continues to leverage the ongoing market momentum and response. Per CC, DOGE may claim the $1 mark by February 2025.
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The Token’s Price Prediction for December
Per CoinCodex, DOGE may soon note a slight drop in price, which may help it to sit at $0.37 by mid-December 2024.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -7.20% and reach $ 0.357598 by December 20, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 83 (Extreme Greed). Dogecoin recorded 20/30 (67%) green days with 43.19% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
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