Dogecoin Price Prediction: Top Crypto Expert Backs DOGE to $2.8, Pepe Unchained Could Also Explode
The post Dogecoin Price Prediction: Top Crypto Expert Backs DOGE to $2.8, Pepe Unchained Could Also Explode appeared first on Coinpedia Fintech News
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 winsWin-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.”
Serious question…
Is $DOGE the ultimate Trump Victory trade?
Elon is leaning into the meme like never before. Per Forbes:
"I met with Elon and we spent two hours together and and I told him we were going to create the department Doge [Department Of Government Efficiency],"… pic.twitter.com/hLggEswi4Z
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.
Kamala winning would probably trigger a huge meme coin season.
The fear of another operation chokepoint crackdown on utility tokens probably forces investors into nihilistic alternatives like memes.
Ironically this will end up doing more damage to investors in the long run.
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.
This is what I’m seeing for $DOGE
If $DOGE rips like this, all of our memes melt fucking face pic.twitter.com/tKifI0ix4k
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.
$DOGE is holding strong despite a broader market correction.
It broke out of the 658-day consolidation phase and is now approaching the expansion phase.
$1 DOGE is still possible this bull run 