Dogecoin (DOGE) is one of the top crypto coins to have benefited from President Donald Trump’s election victory. Over the last few weeks, DOGE has been on a strong uptrend. The memecoin has gained double-digit gains on the weekly and monthly time frames.
While it has suffered some losses, analysts like Ali Martinez believe Dogecoin’s connection to Elon Musk could cause a price surge in the coming weeks. Potential price targets cited by the analyst are $4 and $23. Other analysts believe a price surge to $1 is on the way.
Dogecoin (DOGE) Price Set for Massive Uptrend
Dogecoin (DOGE) has been on a remarkable rally in the days and weeks prior to the US presidential elections held recently. The largest meme coin by market cap has risen by 75.4% on the monthly chart and 13.2% on the weekly timeframe on CoinMarketCap.
However, the general market sentiment is that the recent uptick in Dogecoin (DOGE) is a result of the proximity of its biggest supporter, Elon Musk. Musk was very pivotal to the victory of US president-elect Donald Trump.
He promoted the president on X and also made mention of DOGE on many occasions. One time, he mentioned the memecoin at a Trump campaign. Going forward, analysts are optimistic about the Dogecoin crypto.
One of them is Martinez. He tweeted recently that Musk’s active support for Trump’s re-election would ensure that Dogecoin reaches new heights. In his words, Dogecoin “could be primed for a wild ride” on Musk’s influence.
The market analyst said that the price of Dogecoin (DOGE) will rise to $4 and $23 if history is to repeat itself.
Can Dogecoin (DOGE) Pump To $1?
In a recent tweet, the veteran trader and chart analyst Peter Brandt said the Dogecoin token is showing positive sentiments. According to him, DOGE’s price could rally to new levels in the coming weeks.
Such a surge could bring it closer to the long-awaited $1 level. Crow is one another that believes the Dogecoin crypto price could pump to $1 soon.
Moreover, there are rumors that Musk could get a political appointment now that Trump is President-elect. The Tesla boss has always joked about becoming the “Department of Government Efficiency,” or DOGE, in the new Trump administration.
In the meantime, Dogecoin’s (DOGE) value has dropped on the weekly chart. However, its 14-day RSI remains bullish as it trades above the 200-SMA ($0.129374).
Lunex Network (LNEX): Revolutionizing DeFi With Cross-Chain Flexibility
Lunex Network is a new DeFi platform introducing various features that make the platform a fast and efficient platform for trading. In order to overcome the problems that are in the DeFi space, Lunex pays special attention to low commissions, high transaction speeds, and interoperability with other chains, which will be useful for both newcomers and experienced users.
One strength of Lunex is the low cost that has been implemented to ensure that the users get high profit margins. While many other platforms may charge traders for transaction fees, Lunex helps traders get the best out of every transaction without incurring many costs. This emphasis on cost-effectiveness is beneficial for users as it enables more frequent trading, useful for high trading volume individuals.
Another characteristic of Lunex Network is its high speed. Using the latest technology in the blockchain, Lunex offers very high transaction throughput to match market changes in real time. This is because quick actions can be the determining factor between profit and loss.
Lunex Network is currently in the presale stage. Smart investors are buying its LNEX token at $0.002 for potential 10x gains in the future. Overall, Lunex is a DeFi solution that meets the needs of today’s traders. It offers low costs and fast transactions. With more people coming into Lunex, it is now evident that LNEX could become a top DeFi coin in the future.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join Lunex’s Growing Community
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