With the U.S. election favorable to Donald Trump and Elon Musk, Dogecoin has become a star in the cryptocurrency market. Tesla's CEO urged voters to choose Trump and spoke at a rally last month. This billionaire has tweeted multiple times and talked about the importance of bringing Trump back to the presidency, and his voice has been heard. Trump defeated Democratic opponent Kamala Harris with over 300 electoral votes.
This puts Dogecoin in a favorable position, as Elon Musk will closely collaborate with elected President Donald Trump. Musk is a supporter of Dogecoin, and after Trump's victory, Dogecoin surged 25% on the rankings. This development indicates that if cryptocurrency-friendly policies are implemented, this entrepreneur may further influence prices.
Analysts say Dogecoin is expected to rise to $4, thanks to Trump and Elon.
Leading cryptocurrency analyst Ali Martinez explains that the path for Dogecoin to reach $4 may soon become a reality. He points out that Musk's influence on Trump could push the cryptocurrency market into a bullish phase. This move could lead to strong increases for Bitcoin and Dogecoin, with other altcoins potentially following suit. Not only the cryptocurrency market but even the U.S. stock market may be preparing for a bull market.
Martinez notes that previous bull market cycles indicate that once Dogecoin breaks through the 0.50 Fibonacci retracement level, it will rebound to the 2.272 Fibonacci level. If this occurs, Dogecoin is expected to reach $4 after Trump and Musk influence the meme coin. Over the next four years, Dogecoin may occupy a better position on the rankings as the president focuses on economic growth.
Therefore, if history repeats itself, Dogecoin could rebound strongly like it did in 2021. It may usher in a bull market era, making cryptocurrencies profitable for new and first-time investors. Musk's involvement with Dogecoin has attracted millions of new investors to the cryptocurrency space.
With the U.S. election favorable to Donald Trump and Elon Musk, Dogecoin has become a star in the cryptocurrency market. Tesla's CEO urged voters to choose Trump and spoke at a rally last month. This billionaire has tweeted multiple times and talked about the importance of bringing Trump back to the presidency, and his voice has been heard. Trump defeated Democratic opponent Kamala Harris with over 300 electoral votes.
This puts Dogecoin in a favorable position, as Elon Musk will closely collaborate with elected President Donald Trump. Musk is a supporter of Dogecoin, and after Trump's victory, Dogecoin surged 25% on the rankings. This development indicates that if cryptocurrency-friendly policies are implemented, this entrepreneur may further influence prices.
Analysts say Dogecoin is expected to rise to $4, thanks to Trump and Elon.
Leading cryptocurrency analyst Ali Martinez explains that the path for Dogecoin to reach $4 may soon become a reality. He points out that Musk's influence on Trump could push the cryptocurrency market into a bullish phase. This move could lead to strong increases for Bitcoin and Dogecoin, with other altcoins potentially following suit. Not only the cryptocurrency market but even the U.S. stock market may be preparing for a bull market.
Martinez notes that previous bull market cycles indicate that once Dogecoin breaks through the 0.50 Fibonacci retracement level, it will rebound to the 2.272 Fibonacci level. If this occurs, Dogecoin is expected to reach $4 after Trump and Musk influence the meme coin. Over the next four years, Dogecoin may occupy a better position on the rankings as the president focuses on economic growth.
Therefore, if history repeats itself, Dogecoin could rebound strongly like it did in 2021. It may usher in a bull market era, making cryptocurrencies profitable for new and first-time investors. Musk's involvement with Dogecoin has attracted millions of new investors to the cryptocurrency space.
