Dogecoin

Peanut the Squirrel

Elon Musk

TL;DR 
<ul> 
 <li>Some analysts highlight DOGE’s strong chart patterns and view the recent dip as a buying opportunity.</li> 
 <li>Elon Musk’s role in the US government under Trump’s administration and his continued endorsement of DOGE could enhance its visibility and utility, driving potential price growth.</li> 
</ul> 
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-12-doge_cb-12-jpg-data-wpel-link-internal-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/DOGE_CB-12.jpg" data-wpel-link="internal"></a></h2> 
<h2 id="new-span-style-font-size-24px-font-weight-bold-doge-rally-on-the-horizon-span">New DOGE Rally on the Horizon?</h2> 
The meme coin niche <a href="https://cryptopotato.com/over-1-4-billion-in-liquidations-as-bitcoin-btc-dumps-by-6k-in-hours/" data-wpel-link="internal">suffered</a> a severe blow in the past 24 hours, with its market capitalization plummeting by over 13%. Some of the worst-affected assets charting double-digit price declines include Shiba Inu (SHIB), dogwifhat (WIF), Bonk Inu (BONK), Popcat (POPCAT), Peanut the Squirrel (PNUT), and more. 
The sector’s undisputed leader – Dogecoin (DOGE) – is also well in the red, albeit suffering a bit less than most of its rivals. Several hours ago, its price dipped under $0.40, while currently, it trades at around $0.41 (per CoinGecko’s data), representing a 5.5% plunge on a daily scale. 
<figure id="attachment_374127" aria-describedby="caption-attachment-374127" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price.png" data-wpel-link="internal"><img class="wp-image-374127" src="https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price.png" alt="DOGE Price" width="583" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price.png 1045w, https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price-300x206.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price-1024x703.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price-768x527.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/DOGE-Price-50x34.png 50w" sizes="(max-width: 583px) 100vw, 583px"></a>
 <figcaption id="caption-attachment-374127" class="wp-caption-text">
 DOGE Price, Source: CoinGecko
 </figcaption>
</figure> 
Many analysts, though, remained unfazed by the pullback. Some, such as Ali Martinez, were even thankful for the dip, viewing it as a buying opportunity. 
<blockquote class="twitter-tweet"> 
 Check out where we are in the <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$DOGE</a> bull cycle! Very early, right? 
 For that reason, I’m thankful for the dip and will buy more between $0.40-$0.30. The target remains $3, and if things go wild, $18! <a href="https://t.co/jdPODkxgHe" data-wpel-link="external" target="_blank">pic.twitter.com/jdPODkxgHe</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1866244683661283586?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">December 9, 2024</a>
</blockquote> 
Other industry participants who have made bullish Dogecoin price predictions include Jake Wujastyk and Cephii. The former <a class="editor-rtfLink" href="https://x.com/Jake__Wujastyk/status/1866264412413129089" target="_blank" rel="noopener" data-wpel-link="external">described</a> the latest correction as “a little flush to clear out the leverage,” which might be followed by another resurgence.&nbsp; 
Cephii <a class="editor-rtfLink" href="https://x.com/Cephii1/status/1866333018056474718" target="_blank" rel="noopener" data-wpel-link="external">claimed</a> that DOGE has one of “the strongest charts around” and a high potential for further gains in the near future.&nbsp; 
<h2 id="span-data-preserver-spaces-true-doge-to-thrive-during-trump-s-reign-span">DOGE to Thrive During Trump’s Reign?</h2> 
<a href="https://cryptopotato.com/us-presidential-elections-2024-results-donald-trump-declares-victory/" data-wpel-link="internal">Donald Trump’s win</a> in the US presidential elections last month was undoubtedly considered great news by DOGE proponents. After all, America’s upcoming political leader has Elon Musk in his inner circle and even appointed him to lead a new division called the Department of Government Efficiency (D.O.G.E.).&nbsp; 
The unit is expected to reduce bureaucracy, cut government spending, and enhance efficiency, with Trump&nbsp;<a class="editor-rtfLink" href="https://cryptopotato.com/trumps-d-o-g-e-promises-to-slash-bureaucracy-heres-what-you-need-to-know/" target="_blank" rel="noopener" data-wpel-link="internal">describing</a> it as “The Manhattan Project” of our time. 
For his part, Musk is a well-known proponent of Dogecoin, often praising its merits and endorsing it on X. Earlier this year, Tesla (the EV giant spearheaded by the billionaire) <a class="editor-rtfLink" href="https://cryptopotato.com/doge-skyrockets-after-tesla-adds-dogecoin-%d0%b0s-payment-method/" target="_blank" rel="noopener" data-wpel-link="internal">integrated</a> the meme coin as a payment method on its website. There are also rumors that X (the social media platform that Musk purchased for $44 billion in 2022) might embrace DOGE settlements sooner or later. 
Elon Musk’s involvement in the US political scene may positively affect DOGE’s price. However, its performance will also depend on various other factors, such as broader market trends and developments within the Dogecoin ecosystem.&nbsp; 
The post <a href="https://cryptopotato.com/top-dogecoin-doge-price-predictions-as-of-late/" rel="nofollow">Top Dogecoin (DOGE) Price Predictions as of Late</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Top Dogecoin (DOGE) Price Predictions as of Late

Table of Contents

CryptoPotato_News

Other articles published on Dec 10, 2024

SUI Crypto Tops All Chains In Daily Netflow: Can It Hit $10?

Vocal Ethereum researcher Max Resnick jumps ship to join Solana

Ripple Secures Final Approval for RLUSD from NYDFS

Best Crypto Coins to Buy Now: Qubetics’ $5.3M Milestone, VeChain’s Sustainability Solutions, and ...

Missed the Binance Boom? Don’t Worry, Qubetics Could Be Your Next Jackpot Ride to Success

Bitcoin is crashing, but options markets are calling for $111K BTC price by February

Join our free newsletter for daily crypto updates!