In the crypto market, Bitcoin 
$73,968The rise is noteworthy, including altcoins and meme coins. But Dogecoin 
$0.199245 The price showed a much stronger rise today in line with positive market developments. Leading crypto experts have made optimistic predictions for Dogecoin, the leading player in the meme coin space. Additionally, Donald Trump’s victory has also triggered speculation about the department of management efficiency (DOGE) under Elon Musk’s presidency.
Will Doge Become 4 Dollars?
In the latest analysis, popular crypto market expert Ali Martinez stated that the Dogecoin price could reach $4 in the coming days. Martinez sparked speculation with his bold predictions of even stronger rises in the DOGE price.
Ali Martinez: “With Elon Musk’s support for Donald Trump, now the 47th President of the United States, DOGE is ‘ready for a wild ride’.”
Martinez shared historical trends to support his prediction and stated that if these trends repeat, the meme coin could rise above the $4 level.
Peter Brandt Also Expects New ATH
Peter Brandt, another crypto market expert and experienced trader who shares the same sentiment with Martinez’s optimism, stated that DOGE will reach new peaks. Brandt said, “In Musk We Trust” while sharing his prediction.
Peter Brandt: “We trust Musk.”
Elon Musk is an active fan of Dogecoin and has contributed to the rise in price by mentioning DOGE multiple times on his social media platforms.
Elon Musk’s DOGE US Initiative
Discussions regarding Elon Musk’s Department of Management Efficiency (DOGE) began when Donald Trump offered Musk a cabinet seat if he won the election. However, Musk later stated that he did not want to be part of the Cabinet, but wanted to run DOGE; this department will focus on reducing federal costs.
This move triggered discussions among market participants, with many memes shared by Elon Musk on the subject. Additionally, the department’s short name caught the attention of crypto enthusiasts, especially the DOGE community, and triggered the Dogecoin price increase.
Recently, Musk has expressed interest in bringing former Congressman Ron Paul into his Department of Government Effectiveness; Paul also accepted the offer. This move was considered by many as a step against the US Federal Reserve and its chairman, Jerome Powell.
Ron Paul is known as an active critic of the US Federal Reserve. This situation parallels the billionaire Tesla CEO; Musk criticized the Fed for delaying interest rate cuts in August.
Dogecoin price traded at $0.1991 today, up 17%, with trading volume up 266% to $11.77 billion. Meme coin reached a 24-hour high of $0.2133 and Dogecoin Futures Open Interest increased by 23%, indicating strong market confidence.
Dogecoin’s current market activity indicates a significant increase in its price, supported by positive predictions from experts and Elon Musk’s DOGE initiative. It is evaluated that these developments may have significant impacts on the future value of Dogecoin. It is important for investors to closely follow market dynamics and Elon Musk’s role in the cryptocurrency industry.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
