Why Dogecoin Could Benefit the Most from a Donald Trump Win
Cryptocurrency analysts have been bullish on Dogecoin, suggesting that the meme coin is in the best position to benefit from a potential Donald Trump victory in the US presidential election. On the X platform, cryptocurrency analyst and trader Satoshi Flipper has predicted that the top meme coin could rise to $1 if Trump wins.
He made this prediction by stating that Elon Musk and the US government (under the Trump administration) will be posting about the Department of Government Efficiency (D.O.G.E.) for the next four years. Musk’s D.O.G.E proposal has sent DOGE’s price soaring several times, especially whenever the world’s richest man has mentioned it, including during a town hall in Pennsylvania last month.
D.O.G.E, a term Musk coined, may have been his way of indirectly promoting the meme coin during the rally. The world’s richest man has never hidden his love for Dogecoin because of his love of memes and dogs.
Interestingly, Musk recently posted a meme, joking that the mainstream media will have to cover D.O.G.E, while he doesn’t need to say anything or promote it because the media will do it for him. Dogecoin co-founder Billy Markus responded to the post, saying that’s why he’s most excited about a Trump victory.
DOGE Is the “Most Strategic” Cryptocurrency
On the X platform, crypto analyst Master Kenobi asserted that Dogecoin is the most strategically positioned crypto asset. He referenced Elon Musk’s D.O.G.E proposal and hinted at its impact on the meme coin. Kenobi suggested that the division could indirectly influence Dogecoin, which he called “extremely interesting and hilarious.”
Master Kenobi also expressed confidence that Elon Musk will make other bold moves in promoting Dogecoin during this bull run. He envisioned a scenario where Musk stickers DOGE on SpaceX spacecraft and actually takes the meme coin “to the moon.”
Meanwhile, crypto analyst Kevin Capital revealed that a bullish pattern is forming on the DOGE chart ahead of the US elections. He notes that daily and weekly golden cross patterns are brewing for Dogecoin, ahead of a possible Trump victory and the rollout of the D.O.G.E. unit.
Read more: Bernstein Predicts Bitcoin Surge to $90,000 if Trump Wins Election
These bullish patterns, coupled with DOGE’s pre-election rally, suggest that traders are betting big on Dogecoin becoming one of the biggest gainers if Donald Trump wins.
According to the latest data from Polymarket, Trump’s odds of winning have skyrocketed ahead of tomorrow’s election, with a 57.7% chance of becoming the next president. Kamala Harris’s odds, meanwhile, are at 42.3%.
