Why Dogecoin Could Benefit The Most If Donald Trump Wins

Crypto analysts have provided a bullish outlook for Dogecoin and suggested that the meme coin is in the best position to benefit from Donald Trump's potential win in the US presidential elections.

Dogecoin price is emerging as the biggest gainer among the top cryptos by market capitalization on the eve of the US election. This sheds light on how the meme coin could benefit the most from a potential Donald Trump victory, especially with Elon Musk’s involvement.

Dogecoin could benefit the most if Donald Trump wins

Crypto analysts have provided a bullish outlook for Dogecoin and suggested that the meme coin is in the best position to benefit from Donald Trump’s potential win in the US presidential elections. In an X post, crypto analyst and trader Satoshi Flipper predicted that the top meme coin could rise to $1 if Trump wins.

He made this prediction while highlighting that Elon Musk and the US government (under the Trump administration) will post about the Department of Government Efficiency (D.O.G.E) non-stop for the next four years. Musk’s proposed D.O.G.E has pumped the DOGE price several times, especially whenever the world’s richest man mentioned it, including at a Pennsylvania town hall last month.

D.O.G.E, a term Musk coined, could be his way of indirectly shilling the meme coin in this bull run. The world’s richest man has never hidden his fondness for the meme coin because he likes memes and dogs.

Interestingly, Musk recently posted a meme in which he joked about mainstream media having to cover D.O.G.E while he remains silent and doesn’t even have to shill the meme coin since the media will be doing the job for him. Dogecoin co-founder Billy Markus replied to the post, saying that was why he is most excited about a potential Trump victory.

DOGE is the most “strategically positioned” crypto

Dogecoin price has surged by over 70% in the last 24 hours, making it the biggest gainer among the top 100 cryptos by market cap. This coin is now trading at an average price of $0.07, and its 24-hour trading volume has surged past $3 billion.

The meme coin has also enjoyed a 1,000% year-to-date gain, and it is up by 20,000% since the beginning of the bull run. This coin is now ranked 38th on CoinMarketCap, up from the 45th position it held at the beginning of the year.

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