Will Dogecoin (DOGE) Price Hit $2.4? Expert Predictions and Market Dynamics Analysis

As Elon Musk continues to promote the application value of Dogecoin (DOGE), the market sentiment towards this meme coin is increasingly bullish. Raoul Pal, CEO of Real Vision, along with other top experts in the industry, has expressed optimistic predictions for the future performance of Dogecoin. Meanwhile, Musk's new policies and market trends are jointly boosting the price performance of DOGE.

The Musk Effect and the DOGE Efficiency Plan

The recent price increase of Dogecoin is attributed to Elon Musk's significant investment in the government efficiency department (DOGE) policy. The abbreviation of this department is the same as the Dogecoin code, triggering a positive market reaction.

Additionally, Musk has proposed a plan to enhance departmental efficiency with Vivek Ramaswamy, which includes ending the remote work culture to cut government expenses. The implementation of this policy has not only attracted the attention of the traditional market but also sparked strong interest from investors in Dogecoin.

Raoul Pal’s Portfolio Advice and DOGE Prospects

Raoul Pal emphasizes that maintaining core asset allocations (such as BTC, ETH, SOL, etc.) in the portfolio while allocating 10% of investments to high-risk assets, including DOGE, is a robust investment strategy.

He predicts that DOGE is about to experience a price breakthrough and notes that the market may enter a “banana rotation” phase, which is a strong recovery period for the meme coin market. At the same time, he advises investors to avoid overtrading and leverage to protect their assets.

Market Analysis and Whale Activity

Top analyst Ali Martinez believes that the price of Dogecoin is expected to reach $2.4. He points out that whales have recently purchased 550 million DOGE, worth over $214.5 million, indicating that investors are confident about DOGE's prospects.

Additionally, on-chain data and the increase in open contracts (nearly 9%) also reflect the market's continued bullish attitude towards Dogecoin.

Stay tuned and claim your wealth code!