It’s election day, and few projects have become intertwined with the event like Dogecoin – and experts say it can see big gains.
DOGE is already up over 55% in a month after recent endorsements from Elon Musk, but how high can it go?
DOGE might be “the ultimate Trump victory trade,” but it’ll also rally if Harris wins
Win-win scenarios are uncommon in crypto, but Dogecoin has one right now.
Thanks to the proposed position that Elon Musk will undertake if Trump takes office – head of the Department of Government Efficiency (D.O.G.E) – Dogecoin will receive massive attention.
Analyst Justin Spittler calls this “the ultimate Trump victory trade.”
Conversely, while a Harris win is expected to cause short-term selling in the crypto market, meme coins could push ahead unfazed.
The Democratic Party takes a harsher and more proactive stance regarding regulation, and crypto is no stranger to legal fights.
If Harris takes office, many more lawsuits are likely to arise, slowing the industry’s rate of development.
However, as Miles Deutscher explained, meme coins are in a separate category that faces less regulatory scrutiny.
As such, the analyst says that meme coins will explode if Harris wins, and DOGE will likely lead the way.
Either way, things are looking good for DOGE. But what do the charts say?
Analyst Shroom suggests that Dogecoin is preparing to break out from a macro accumulation zone.
He looks to the previous explosive rallies of DOGE to predict a cycle high of $7.
This would equate to a market cap close to $1 trillion, which seems overzealous.
That said, the chart does illustrate that DOGE could be at a tipping point of an parabolic move.
Moreover, many top analysts agree that Dogecoin is primed to far exceed last cycle’s high.
For instance, AMCrypto points to $1, writing, “$1 is still possible for this bull run.”
However, based on the analyst’s chart, DOGE could even reach highs of $2.8.
Due to Dogecoin’s $23 billion valuation at $0.16, anything over $1 would be an overly ambitious price target at this phase.
However, given the last cycle’s high of $0.73, the $1 mark is certainly attainable.
But should Trump take office and the plans for D.O.G.E unfold, traders should prepare for a scenario where Dogecoin rallies beyond $1, potentially even reaching AMCrypto’s $2.8 target.
This would open the door for immense gains on smaller meme coins. With that in mind, one of the best projects to look into right now is Pepe Unchained.
Next Meme Coin to Explode? Pepe Unchained Presale Nears $25 Million
Pepe Unchained is bringing high speeds and low fees to Ethereum’s memetic domain.
Ethereum is known for its archaic user experience, with slow speeds and exorbitant transaction fees. Layer 2 blockchains, which are networks built on top of Ethereum, solve this by handling some of the main network’s transactions without congestion.
However, until now, most meme coin trading has happened on Ethereum’s main network. Enter: Pepe Unchained.
It’s the first meme coin to launch with its own Ethereum layer 2 blockchain, and it’ll come packed with features like a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and more.
Pepe Unchained wants to be Ethereum’s home for meme coins, and investors are going crazy for it.
The presale has raised a staggering $24.6 million so far, which is even more than what Ethereum raised in its ICO.
And it’s not just investors who are bullish. Top industry expert Umar Khan told 99Bitcoins, viewers, that the project could provide an “easy 50-100x.”
Indeed, that seems ambitious. But given what analysts are saying about Dogecoin, there’s every chance it happens.
The current Pepe Unchained presale price is $0.01219, but this will rise throughout the ICO.
