Elon Musk is set to run the ambitious DOGE division with Vivek Ramaswamy. As Trump prepares to assume the presidency, his pro-crypto stance, coupled with the renewed surge in the US dollar, has given rise to many speculative scenarios. One of them is the rise of Dogecoin and how it can hit unprecedented highs if market forces continue to support its momentum.
Under the Musk-Trump regime, could Dogecoin become as valuable as the dollar?
In an early episode of (Saturday Night Live), Musk declared that Dogecoin is as real as the U.S. dollar and that he wants people to call him the "Father of Dogecoin." In that interview, Musk shared how Dogecoin started out as an internet meme joke, but now it has taken over the market in a very "real way."
Now that the Trump regime is preparing to take over the White House, the market has begun speculating on the prospects of Dogecoin hitting new highs. For example, there are several connections that suggest that the price of Dogecoin is about to hit new highs. Musk recently uploaded an image on X, claiming that he is the "father of Dogecoin." This image also caused the price of Dogecoin to surge, setting momentum for the coin's utilization.
Secondly, the creation of the Department of Government Efficiency (DOGE) in particular could be the biggest signal that helps Doge reach new highs. Presumably, the acronym strongly represents Musk’s love for Dogecoin, which could ultimately help the coin reach new highs in the long term.
Third, Musk has previously promised that Tesla products may accept Dogecoin payments. This will also bring strong support to Dogecoin and make it a real currency.
Coin Price Prediction for January 2025 as Trump Prepares to Become President
Trump will be inaugurated as president in January 2025. In the new year, Doge may usher in a wave of change under the leadership of Musk and Trump.
According to CoinCodex, the price of Dogecoin could surge to $0.46.
In February, Dogecoin could break above $0.77, suggesting a positive price movement in the near future.
