This week, Dogecoin's price fell by 20% to $0.31. The market declined due to Trump's selection of Katie Miller as head of the Department of Government Efficiency (DOGE). This new role could change the rules of cryptocurrency and affect price trends.
How market volatility and Trump's appointment will affect the future of Dogecoin
Latest price trends
Dogecoin's price hit $0.267 on Friday, marking a new low for the month. Trader Tardigrade is watching the Gaussian channel, which helps identify price trends. 'A quick rebound from the low of $0.267 to $0.34 indicates strong buying interest at lower levels,' Tardigrade explained.
Trump picks new DOGE leader
Trump wrote on Truth Social: 'Katie Miller is about to join DOGE! She has been a loyal supporter of mine for years and will bring her expertise to the Department of Government Efficiency.' Miller replied: 'It is a great honor to work for you at DOGE and make our government efficient and accountable. Let's make America great again!' Comparison with other coins: Dogecoin's price is still up 233% compared to last year, while other meme coins have declined more. Dogwifhat fell by 32%, while Floki and Pepe dropped by 27%. Shiba Inu is down about 23%, similar to DOGE.
Big names support DOGE
CoinCodex states that by 2025, the price of Dogecoin could reach $1.12494. Digital Coin Price believes that by 2026, the price of Dogecoin could reach $1.48. Elon Musk supports Dogecoin through Tesla and SpaceX. He will collaborate with the new department and Vivek Ramaswamy to promote the development of cryptocurrencies. CoinCodex states that by 2025, the price of Dogecoin could reach $1.12494. Digital Coin Price believes that by 2026, the price of Dogecoin could reach $1.48. Elon Musk supports Dogecoin through Tesla and SpaceX. He will collaborate with the new department and Vivek Ramaswamy to promote the development of cryptocurrencies.
