Dogecoin (DOGE) Rallies 12% to 3-Year High Amid ‘Face-Melting’ Price Predictions
Dogecoin rallies 12% to a three-year high following Trump's election, with analysts predicting prices could soar to $3.9 per DOGE.
Dogecoin (DOGE) has surged by 12%, reaching a three-year high, following Donald Trump's election as the new U.S. president. The meme coin has climbed above $0.23 for the first time since the 2021 bull market, igniting excitement among investors and analysts alike.
Price Surge and Predictions
The latest rally has seen DOGE rise from $0.1 last month to $0.23 today, marking its highest price since March 2024 when it peaked at $0.228. Analysts on X (formerly Twitter) have begun to set ambitious price targets, with some predicting a potential price of $3.9 per DOGE.
The significant rise in DOGE's value is largely attributed to its association with Elon Musk, who played a crucial role in Trump's election victory. Discussions about establishing a Department of Government Efficiency (D.O.G.E) led by Musk have further fueled interest in the coin.
Despite already being up 110% in the past month, many traders and analysts are optimistic about DOGE's future. A crypto user known as Mags has projected a "conservative" target of $1.17, suggesting that a meme coin supercycle could drive prices higher.
"$DOGE pump will melt faces. Last cycle, I shared Dogecoin before it went up by 170x. This time, I’m targeting $1.17."
Another analyst, Kev_Capital_TA, has even more bullish predictions, suggesting a possible price of $1.8 or an extraordinary $3.9 under certain conditions.
"In every single Dogecoin cycle, it has reached the 1.618 Macro Golden Pocket. The current Macro golden pocket is $3.90."
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