The meme-inspired crypto known as Dogecoin (DOGE), which has attracted worldwide attention, had a notable increase of almost 25% on Wednesday, coming to $0.2068. Following Donald Trump’s securing of the required electoral votes to win the US presidential contest, analysts are speculating that his triumph combined with Elon Musk’s influence could send Dogecoin on an accelerated path to surpassing its (ATH) of $0.74 sooner than previously expected.
🔶Trump Victory and Elon Musk’s Influence on Dogecoin
Long linked with pro-crypto views, Trump has attracted a lot of support from the digital asset sector. A more crypto-friendly environment is regarded as possibly sparked by a Trump triumph. One big idea he has put forward is the creation of a Department of Government Efficiency, or D.O.G.E., which Trump has said might be run by none other than Elon Musk. While the idea is still conceptual, it has kept crypto enthusiasts in awe, particularly those who view Musk as a major determinant of which ways digital currencies take. Fronted by Tesla and SpaceX Chief Executive Elon Musk, he has been extremely vocal about the cryptocurrency, regularly taking to his social media platforms to show support and further develop Dogecoin.
Dogecoin’s rise from being a joke to one of the most usually known digital assets has been greatly helped by Musk’s sponsorship of it. Unquestionably, Musk has shaped Dogecoin; if he were to become more involved in guiding US crypto policy under the Trump administration, it would confirm Dogecoin’s place on the market even more.
Will Their Push Send Dogecoin (DOGE) Past $0.75 Sooner Than Expected?
Musk’s ties to both Trump and Dogecoin have many people speculating that a Trump win combined with Musk’s possible impact on crypto policy could generate more institutional and retail demand in Dogecoin. This may therefore cause DOGE’s price to rise, maybe approaching its ATH of $0.74. Originally analysts had projected that Dogecoin would hit its ATH by early 2029, but recent events and the increasing backing from Trump and Musk could hasten this path. DOGE might cross the $0.74 threshold by early 2026, some analysts say—a far earlier date than first projected.
Under the direction of Trump and Musk, Dogecoin’s future seems bright; nevertheless, a newcomer on the scene is fast acquiring popularity. Rising as a fierce competitor in the crypto market is Rexas Finance (RXS), a token meant to transform the realm of real-world assets (RWA).
