Dogecoin (DOGE) Poll Predicts a Run to 69 Cents Before 25 Cents Is Revisited

Dogecoin DOGE/USD hit new yearly highs recently as the overall cryptocurrency sector has traded higher since Donald Trump won the 2024 presidential election.

A recent Benzinga poll asks readers if Dogecoin (CRYPTO: DOGE) will trade closer to levels seen before the 2024 presidential election or all-time highs set back in 2021.

Optimism for a pro-crypto White House administration and the appointment of Dogecoin supporter Elon Musk as head of the Department of Government Efficiency, or D.O.G.E. for short, helped the meme cryptocurrency hit new yearly highs in November and December.

Like many cryptocurrencies, Dogecoin gained in the days and weeks after Trump's victory.

Dogecoin traded between 15 cents and 18 cents on Nov. 5, the day of the U.S. presidential election.

The results were:

The poll found over three-fourths of readers predict Dogecoin is more likely to hit 69 cents before hitting 25 cents again.

This would suggest that Dogecoin has more gains ahead and would set new 52-week highs and get close to all-time highs.

The last time Dogecoin hit 69 cents was on May 9, 2024, the day after the all-time high was set. Dogecoin traded at 69 cents or higher on four occasions in May 2021.

Dogecoin has traded between $0.07497 and $0.4835 over the past year, with the high set in early December.

Recent polls have shown continued optimism for Dogecoin, which is one of the 10 most valuable cryptocurrencies by market capitalization.

A recent November Benzinga poll asked what Dogecoin's highest price by the end of 2024 would be.

The results were:

The highest percentage of readers thought that none of the price targets would be reached by Dogecoin. The next highest result was 69 cents, which would take Dogecoin close to all-time highs and a memeable number before year-end.

Only 18% of readers think that Dogecoin will reach all-time highs before the end of the year, and a lower percentage (17%) believe Dogecoin will hit a price of $1.

A December poll asked if any of the top cryptocurrencies could outpace fast-moving XRP in 2025. The possible answers were Bitcoin, Solana, Dogecoin, Ethereum, Shiba Inu, Hedera or none of the above, meaning XRP would be the top gainer in 2025.

DOGE Price Action: Dogecoin trades at $0.3205 at the time of writing, down 11% over the last 24 hours and down 17% over the past month. Despite the recent drop in price, the price of Dogecoin is up over 240% year-to-date in 2024.