Elon Musk is all set to run the ambitious DOGE department with Vivek Ramaswamy. As Trump gears up to assume the presidential role, his pro-crypto stance, coupled with reviving the greenback surge, is giving rise to many speculative scenarios. One such development includes the rise of Dogecoin and how it can claim unprecedented new price highs if the market forces continue to favor its momentum.
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Can Dogecoin Become As Valuable As The Dollar Under Musk Trump Regime?
In one of the earlier episodes of Saturday Night Live, Musk had announced how Dogecoin is as real as the US dollar, and that he prefers himself to be acknowledged as “Dogefather.” In that very interview, Musk shared how Doge initially started as a joke on an internet meme but now has taken over the market in a very “real way.”
Now that Trump’s regime gears up to take over the White House, the prospects of Dogecoin hitting new highs is something that the market has already started to speculate on. For instance, there are several linkages that signal an imminent price high for Dogecoin. Musk recently uploaded an image on X, claiming that he is the “Dogefather.” This image also led Doge to note a spike in its price, laying out momentum for the token to leverage on.
Secondly, the establishment of the Department of Government Efficiency or DOGE is particularly the biggest signal that may help Doge score new highs. The acronym is speculated to strongly represent Musk’s adoration for Dogecoin, which ultimately may help the token secure a new ATH in the long haul.
Thirdly, Musk had also promised earlier that he may accept payments in Dogecoin for his Tesla products. This may also deliver a strong spot to Doge, delivering it the status of a real currency.
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The Token’s Price Forecast For January 2025 As Trump Prepares To Assume Presidency
Trump will be assuming his presidential role in January 2025. The new year may bring a transformative wave of change for Doge under the Musk-Trump leadership.
Per CoinCodex, Dogecoin may spike high to hit the $0.46 price mark.
In February, doge may claim a high of $0.77, hinting towards establishing a positive price path in the near future.
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