Home >web3.0 >Elon Musk's Potential Role in Trump's Administration Sparks Doge Army Excitement as Investors Rush to Buy Base Dawgz at the Ground Floor

Elon Musk's Potential Role in Trump's Administration Sparks Doge Army Excitement as Investors Rush to Buy Base Dawgz at the Ground Floor

PHPz
PHPzOriginal
2024-08-24 09:43:11611browse

The world is full of surprises, but no one thought we’d be talking about Dogecoin in U.S. presidential election.

Elon Musk's Potential Role in Trump's Administration Sparks Doge Army Excitement as Investors Rush to Buy Base Dawgz at the Ground Floor

Elon Musk’s potential role in Trump’s administration has sparked excitement among the Doge army, with investors rushing to buy Base Dawgz at the ground floor.

The world is full of surprises, but no one thought we’d be talking about Dogecoin in U.S. presidential election.

But here we are – Elon Musk might be taking a position in Donald Trump’s administration, and the Doge army is thrilled.

Pinch yourself – this is actually happening. Dogecoin memes are a part of the 2024 U.S. elections. Reuters asked Donald Trump if he’d appoint Musk to his cabinet should he win the election.

“He’s a very smart guy,” he responded. “I certainly would, if he would do it, I certainly would. He’s a brilliant guy.”

And Musk’s response? An AI-generated Dogecoin meme.

He tweeted, “I am willing to serve” on X, along with an image of himself behind a podium for the Department Of Government Energy, or D.O.G.E. Musk’s response was on-brand, and it does not rule out the possibility of him taking a cabinet position.

I am willing to serve pic.twitter.com/BJhGbcA2e0

Moreover, it creates a previously unimaginable timeline. The business mogul would probably love nothing more than shilling Dogecoin from the Whitehouse.

And regarding whether Musk would have the bandwidth for the role, we’ve already seen him on challenge after challenge, most recently buying X (formerly Twitter). It’d be business as usual for the infamous CEO.

But what would this mean for Dogecoin?

First off, we should note that unlike in Trump’s last presidential stint, he is notoriously welcome to crypto this time around. He’s even teased launching his own project.

Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do

Last cycle, Dogecoin hit an all-time high of $0.73, primarily driven by the support of Elon Musk. At the time, Musk’s main firepower was owning Tesla.

This time, he’s also acquired X, the most prominent social media platform for financial topics, and he could be a member of the U.S. government.

Moreover, if Trump wins, the regulatory landscape will be lenient, drawing more investors and liquidity to crypto.

The risk of not being positioned here going into a Trump win combined with rate cuts….is nuclear.I don’t care if I lose every dime from here. The potential return from these lows in alts is once in a life time n worth the risk. The bet must be placed n held.

Getting from $0.73 to $1 is a 36% increase. With all these extra catalysts on board, there’s every chance DOGE hits the mark.

The price chart is also primed for growth. Well-known trader The Coach targets $1, noting that “the retest looks complete” after DOGE broke above a trendline resistance.

Retest complete, we should be turning up here… #doge pic.twitter.com/rmBCBc3zGZ

Right now, DOGE is trading at $0.1. Hitting $1 would mark a 10x gain. While impressive, it’s drastically less than in 2021. DOGE did more than a 70x that year.

For those seeking similar gains, newer memecoins may be the way to go. One of the most promising is Base Dawgz, a new Doge-themed presale with some serious upgrades.

Multichain memecoin Base Dawgz nears $3M at presale

Investors are scrambling to buy Base Dawgz at the ground floor. The timing couldn’t be better. Memetic excitement is at a fever pitch, and Base Dawgz is just getting started.

Moreover, it offers some massive advantages over legacy meme coins.

Most importantly, it has multichain functionality. Base Dawgz is available on Ethereum, Solana, Base, BSC, and Avalanche.

While most memecoin prices are pinned to the popularity of their underlying blockchain, Base Dawgz’s chain-agnostic approach is like a unifying bet across all meme coin markets.

It’s a captivating idea, and analysts are going crazy for it.

The 99Bitcoins YouTube expects Dogecoin-like gains, saying it could 100x after launching on exchanges.

However, the analyst also highlighted that Base Dawgz has features like a staking mechanism and a referral scheme. Staking encourages users to lock up their tokens for passive rewards, which minimizes sell pressure.

Meanwhile, “refer-and-earn” could amplify community growth by incentivizing users to share the project with friends and on social media. The Base Dawgz presale is ongoing and

The above is the detailed content of Elon Musk's Potential Role in Trump's Administration Sparks Doge Army Excitement as Investors Rush to Buy Base Dawgz at the Ground Floor. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn