Dogecoin has become one of the leading cryptocurrencies that has gained value with the approach of the US presidential elections. Analysts state that Dogecoin could have a great opportunity if Donald Trump wins the election race. This cryptocurrency, especially known for Elon Musk’s support, is expected to show a strong performance in the post-election period.
According to some crypto analysts, Trump winning the presidential election could mean big gains for Dogecoin. Analyst Satoshi Flipper predicts that Dogecoin could rise to $1 with Trump’s victory. Another analyst, Master Kenobi, says that Dogecoin is the best-positioned crypto asset strategically during the election process. He also emphasizes that Musk’s “D.O.G.E” proposal for Dogecoin will play an important role in this rise.
Elon Musk’s humorous posts about Dogecoin from time to time continue to increase the popularity of this meme coin. Analysts agree that such actions by Musk could help Dogecoin attract more attention. Crypto analyst Kevin Capital states that a positive trend has formed in Dogecoin charts before the US elections. The recent upward trend has attracted the attention of many investors. In addition, it is interpreted that the increasing probability of Trump winning the elections could lead to a serious increase in Dogecoin in the markets.
According to Polymarket data, Trump’s election victory probability has increased to 57.7%. This development has led to a movement especially among pro-Trump investors, and Dogecoin’s recent positive performance has gained strength in parallel with this development.
Musk’s frequent posts about Dogecoin are another factor that has attracted analysts’ attention. Billy Markus, one of the leading figures in the crypto community, also believes that Trump’s victory will give Dogecoin a great boost. All these developments have created widespread speculation and rising expectations on Dogecoin.