30s Summary

Dogecoin (DOGE) has seen a 12% rise in the last day, potentially due to expectations of a Republican US presidential election win. Since October, the memecoin has increased by 65%, with crypto experts suggesting it could rise another 30% if Trump is reelected. Crypto expert Master Kenobi believes DOGE could hit $11 by 2025 showing a 6,447% ROI. Tesla CEO Elon Musk’s interest and potential new investors as the US election nears could boost DOGE further. With its recent performance surpassing Bitcoin and Ether, Dogecoin could hit $0.23, it’s highest point this year, if it surpasses the $0.174 mark.

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Dogecoin (DOGE), the famous memecoin, has been performing really well recently, going up by 12% in the last day. This upswing seems to be due to the possibility of a Republican win in the US presidential election.

Since the beginning of October, Dogecoin has risen by a staggering 65%, and it could go up by another 30% within hours if Donald Trump gets reelected.

Crypto expert, Master Kenobi, thinks that Dogecoin is in a prime spot when it comes to the election. He shared a chart tracking Dogecoin’s progress since 2017, which shows that it has been steadily rising ever since. From this, he believes that DOGE could eventually hit around $11 by 2025, which means we’d see a 6,447% return on investment. However, this is just a prediction and should not be taken as guaranteed.

Tesla CEO Elon Musk has always had a soft spot for DOGE and even suggested creating a new government agency that would cut down on wasted spending. The agency’s acronym would be D.O.G.E, matching Dogecoin’s ticker. This move has resulted in more people creating DOGE wallets, with new ones doubling recently to nearly 48,000 by the end of October.

New investors seem to be pouring into Dogecoin as the US election results draw closer. Other boosts for DOGE may come from a Trump win, benefiting Musk and, by extension, causing a temporary surge in the memecoin’s price.

In terms of actual numbers, the Dogecoin daily chart is already factoring in a Trump win. DOGE has performed better than Bitcoin (BTC) and Ether (ETH) this November and is now testing its next big hurdle. If it can go past the $0.174 mark, we could see it climb up by 35% to around $0.23, its highest point this year.

Another trader, Mikybull Crypto, points out that Dogecoin is on track to complete its first golden cross since 2020. A golden cross is a good sign for investors. The last time this happened, Dogecoin enjoyed a 20,000% return within May 2021, where it hit a record high of $0.74.

Of course, all of this is speculation and there are always risks to investing, so make sure to do your own research and make educated decisions. But one thing’s for sure – all eyes are on Dogecoin!