How High Will DOGE Go After Trump’s Inauguration?

Dogecoin (DOGE) experienced a significant price jump after US President-elect Donald Trump approved Elon Musk’s request to create a Department Of Government Efficiency (D.O.G.E.). Musk is one of the most vocal DOGE supporters. Musk has even enabled DOGE payments for many of his ventures, including Tesla merchandise.

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Dogecoin’s Recent Price Movements

At the moment, DOGE is keeping up with the market surge. The memecoin is up 1.2% from the previous month, 4.9% from the daily charts, and 3.5% from the 14-day charts. Since December 2023, DOGE’s price has increased by 330.1% as well. Despite the rally, DOGE has faced a 5.2% correction over the last week.

DOGE’s recent rally could be due to Bitcoin (BTC) reclaiming the $100,000 mark. Market participants may take positions before Donald Trump’s Jan. 20, 2025 inauguration.

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How High Will The Memecoin Go After Trump’s Inauguration?

Many anticipate a market-wide rally after Trump assumes office. Market participants are betting on Trump’s pro-crypto and pro-business stance. The US President-elect has been very supportive of the cryptocurrency sector. Trump has even named a White House crypto czar and a new SEC chair. DOGE may greatly benefit under Trump’s leadership.

According to CoinCodex, Dogecoin (DOGE) will trade at $0.38 on Jan. 20, 2025. Reaching $0.38 from current price levels will translate to a dip of about 7.32%.

Despite the bearish outlook, CoinCodex anticipates DOGE to pick up the pace by March 2025. According to the platform, on March 12, 2025, DOGE will reach a new all-time high of $1.01. Reaching $1.01 from the current price levels would require a roughly 146.34% gain.

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DOGE may reach its peak again before the anticipated time frame. Just before or after Trump’s inauguration on January 20, 2025, the asset might soar to a new high.