The Dogecoin worth is the most important gainer among the many prime cryptos by market cap on the eve of the US election. This says loads about how the foremost meme coin may benefit most from a possible Donald Trump victory, particularly with Elon Musk’s involvement.
Why Dogecoin Could Benefit The Most If Donald Trump Wins
Crypto analysts have supplied a bullish outlook for Dogecoin and prompt that the meme coin is in the perfect place to learn from Donald Trump’s potential win within the US presidential elections. In an X submit, crypto analyst and dealer Satoshi Flipper predicted that the top meme coin might rise to $1 if Trump wins.
He made this prediction whereas remarking that Elon Musk and the US authorities (underneath the Trump administration) will submit above concerning the Department of Government Efficiency (D.O.G.E) continuous for the following 4 years. Musk’s proposed D.O.G.E has pumped the DOGE worth a number of instances, particularly each time the world’s richest man referred to it, together with at a Pennsylvania city corridor final month.
D.O.G.E, a time period Musk coined, might be his approach of not directly shilling the meme coin on this bull run. The world’s richest man has by no means hidden his fondness for the meme coin as a result of he likes memes and canines.
Interestingly, Musk lately posted a meme through which he joked about mainstream media having to cowl D.O.G.E. At the identical time, he stays silent and doesn’t even should shill the meme coin because the media can be doing the job for him. Dogecoin co-founder Billy Markus replied to the submit, saying that was why he’s most excited a couple of potential Trump victory.
DOGE is The Most “Strategically Positioned” Crypto
In an X post, Crypto analyst Master Kenobi mentioned that he believes Dogecoin is essentially the most strategically positioned crypto asset. He talked about Elon Musk’s D.O.G.E proposal and alluded to its impression on the meme coin. He remarked that the division might not directly impression the meme coin, which the analyst claimed can be “super interesting and super funny.”
Master Kenobi additional asserted that he’s assured that Elon Musk will make different daring strikes concerning how he shills Dogecoin on this bull market. The analyst envisages a state of affairs the place Musk places a DOGE sticker on SpaceX and sends the meme coin actually to the moon.
Meanwhile, crypto analyst Kevin Capital revealed a bullish sample forming on DOGE’s chart forward of the US election. The analyst famous that the every day and weekly golden cross is pending for the meme coin proper earlier than a possible Trump victory and implementation of the D.O.G.E. division.
In the meantime, these bullish patterns forming for DOGE and the worth rally forward of the US elections present that merchants are betting massively on the meme coin being one in every of, if not the most important, gainers from a Donald Trump victory.
The newest Polymarket knowledge reveals that Trump’s odds of successful have surged simply earlier than tomorrow’s elections. The former US president has a 57.7% likelihood of changing into the following president. Meanwhile, Kamala Harris’ odds are at 42.3%.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated matters that minimize throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it simple for crypto newbies to know. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
