**Can Dogecoin (#DOGE) Achieve a $100 Billion Market Cap if Donald Trump Wins the 2024 Election? A Look into the Possibility of Surpassing Its Previous $80 Billion Peak**

As the 2024 U.S. presidential election approaches, many investors and analysts are speculating about the potential impact of a Donald Trump victory on the financial markets, including the cryptocurrency sector. One of the digital assets generating significant attention is Dogecoin #doge⚡ a cryptocurrency known for its vibrant community and memetic origins. A key question on the minds of many is whether Dogecoin can reach a market capitalization of $100 billion if Donald Trump wins the election, thereby surpassing its previous peak of $80 billion.

Dogecoin first gained widespread attention and a substantial market cap during the 2021 bull run, where it reached its all-time high market capitalization of $80 billion. This remarkable rise was driven by a combination of factors, including celebrity endorsements, particularly from Elon Musk, and a wave of social media-driven enthusiasm. At that time, Dogecoin became a symbol of the power of online communities in the financial markets, with its price surging in response to trending memes and tweets.

However, achieving a $100 billion market cap would require a considerable resurgence in interest and investment in Dogecoin. A potential catalyst for this could be a change in the broader economic and political environment, such as a win by Donald Trump in the 2024 U.S. presidential election. Trump’s potential return to the White House could bring with it a set of policies that might influence the overall sentiment towards cryptocurrencies, particularly those seen as decentralized alternatives to traditional financial systems.

A Trump victory could impact market confidence in various ways. Historically, his presidency was marked by deregulation and a focus on economic growth, which could potentially create a more favorable environment for digital assets. Proponents argue that such a political climate might boost investor confidence in riskier assets