Who would’ve thought? Dogecoin, the infamous meme coin, ain’t some joke anymore. In a crazy twist of fate, the U.S. election turned DOGE into the centerpiece of the political and financial worlds. Elon Musk, the ultimate Dogecoin evangelist, seems to have tied his rocket-fueled ambitions to the token’s moonshot.
On election day, DOGE was hanging around a modest $0.15, but it shot to $0.43, a price level not seen in three years. This ain’t your average meme pump—this surge happened right after the shocking plan to create a federal agency named D.O.G.E. was announced. The market went nuts, and the meme faithful, they followed.
From Meme Coin to Cultural Powerhouse? Experts Weigh In
Thomas Bautista from GSR says we’re in a new era for Dogecoin. Once upon a time, DOGE was tied to Elon’s every whim, pumping when he smiled and dumping when he sneezed. But the game’s changed. It ain’t about one-off Musk plugs no more; Dogecoin’s got itself enmeshed in U.S. culture and politics.
Bautista’s guess? Dogecoin ain’t gonna fade away this time. The coin’s notorious quick spikes and nosedives might be history because it’s now linked to something bigger. There’s a new kind of momentum pushing DOGE, not just Musk’s meme magic.
Will Dogecoin Smash the $0.73 Ceiling?
Ryan Rasmussen, who’s crunching the numbers at Bitwise, says Dogecoin’s got the juice to blow past its previous peak of $0.73. The guy’s thinking the upcoming political shifts could send DOGE even higher, especially if the crypto market keeps soaring into next year. With President-elect Trump’s inauguration on the horizon, Rasmussen thinks the whole crypto market could rip, and DOGE could lead the charge.
But hey, he ain’t saying the good times are guaranteed. Bautista’s hopeful too, but he’s not blind to the risks. The meme coin might have more credibility now, sure, but it’s still got that wild streak. One thing’s clear: Dogecoin’s story ain’t just about jokes anymore—it’s smack dab in the center of the most chaotic and unexpected political twist the crypto space has ever seen.
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