Dogecoin (DOGE) Might Be 'the Ultimate Trump Victory Trade,” But It'll Also Rally If Harris Wins

DOGE is already up over 55% in a month after recent endorsements from Elon Musk, but how high can it go?

Election Day has arrived, and few projects have become so closely intertwined with the event as Dogecoin – and experts say it can see big gains.

DOGE is already up over 55% in a month following recent endorsements from Elon Musk, but how high can it go?

DOGE might be “the ultimate Trump victory trade,” but it’ll also rally if Harris wins

Win-win scenarios are rare in crypto, but Dogecoin has one right now.

Thanks to the proposed role that Elon Musk will play if Trump wins – head of the Department of Government Efficiency (D.O.G.E) – Dogecoin will receive massive attention.

Analyst Justin Spittler calls this “the ultimate Trump victory trade.”

Serious question…Is $DOGE the ultimate Trump Victory trade?

Elon is leaning into the meme like never before. Per Forbes:

“I met with Elon and we spent two hours together and and I told him we were going to create the department Doge [Department Of Government Efficiency],"… pic.twitter.com/hLggEswi4Z

Conversely, while a Harris win is expected to cause short-term selling in the crypto market, meme coins could push ahead unfazed.

The Democratic Party takes a harsher and more proactive stance regarding regulation, and crypto is no stranger to legal fights.

If Harris takes office, many more lawsuits are likely to arise, slowing the industry’s rate of development.

However, as Miles Deutscher explained, meme coins are in a separate category that faces less regulatory scrutiny.

As such, the analyst says that meme coins will explode if Harris wins, and DOGE will likely lead the way.

Kamala winning would probably trigger a huge meme coin season.

The fear of another operation chokepoint crackdown on utility tokens probably forces investors into nihilistic alternatives like memes.

Ironically this will end up doing more damage to investors in the long run.

Either way, things are looking good for DOGE. But what do the charts say?

Analyst Shroom suggests that Dogecoin is preparing to break out from a macro accumulation zone.

He looks to the previous explosive rallies of DOGE to predict a cycle high of $7.

This would equate to a market cap close to $1 trillion, which seems overzealous.

That said, the chart does illustrate that DOGE could be at a tipping point of an parabolic move.

This is what I’m seeing for $DOGE

If $DOGE rips like this, all of our memes melt fucking face pic.twitter.com/tKifI0ix4k

Moreover, many top analysts agree that Dogecoin is primed to far exceed last cycle’s high.

For instance, AMCrypto points to $1, writing, “$1 $DOGE is still possible for this bull run.”

However, based on the analyst’s chart, DOGE could even reach highs of $2.8.

$DOGE is holding strong despite a broader market correction.

It broke out of the 658-day consolidation phase and is now approaching the expansion phase.

$1 DOGE is still possible this bull run .” src=”https://static.99bitcoins.com/img/view/900×600/dogecoin-price-analysis-1-dollar-possible_1603700373.jpg” alt=”$1 Dogecoin Is Still Possible This Bull Run, According To This Chart” width=”900″ height=”600″>

Due to Dogecoin’s $23 billion valuation at $0.16, anything over $1 would be an overly ambitious price target at this phase.

However, given the last cycle’s high of $0.73, the $1 mark is certainly attainable.

But should Trump take office and the plans for D.O.G.E unfold, traders should prepare for a scenario where Dogecoin rallies beyond $1, potentially even reaching AMCrypto’s $2.8 target.

This would open the door for immense gains on smaller meme coins. With that in mind, one of the best projects to look into right now is Pepe Unchained.

Next Meme Coin to Explode? Pepe Unchained Presale Nears $25 Million

Pepe Unchained is bringing high speeds and low fees to Ethereum’s memetic domain.

Ethereum is known for its archaic user experience, with slow speeds and exorbitant transaction fees. Layer 2 blockchains, which are networks built on top of Ethereum, solve this by handling some of the main network’s transactions without congestion.

However, until now, most meme coin trading has happened on Ethereum’s main network. Enter: Pepe Unchained.

It’s the first meme coin to launch with its own Ethereum layer 2 blockchain, and it’ll come packed with features like a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and more

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