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Cryptocurrency News Articles
Dogecoin (DOGE) Price Prediction: Can DOGE Hit $5 Under Trump's Presidency?
Dec 22, 2024 at 02:30 am
Driven chiefly by recent events involving President-elect Donald Trump and his endorsement of Elon Musk's suggested Department of Government Efficiency (D.O.G.E.), Dogecoin (DOGE) has seen a significant increase in market activity. This action and Musk's ongoing backing of DOGE—including payments through his company's Tesla products—have increased memecoin demand.
Dogecoin (DOGE) has seen a significant surge in market activity, largely driven by recent events involving President-elect Donald Trump and his endorsement of Elon Musk's suggested Department of Government Efficiency (D.O.G.E.). This action and Musk's ongoing backing of DOGE—including payments through his company's Tesla products—have increased memecoin demand.
DOGE is currently seeing a wave of market optimism. Its price has increased by 2.2% over the past month; daily charts show a 4.9% gain, and over 14 days, it shows a 3.5% increase. DOGE has demonstrated an impressive 331% increase since December 2023, while recent price dips of 5.2% over the past week point to potential investor profit-taking.
Bitcoin's recovery from the $100,000 level has also helped DOGE's surge. Anticipating that his pro-crypto policies would help the industry even more, market players aligned before his January 20, 2025, inauguration.
With DOGE being a major benefactor, the expectation of Trump's presidency has generated an optimistic attitude toward cryptocurrencies. Trump's pro-business and crypto-friendly posture has market players excited that DOGE might flourish in these suitable surroundings.
Still, the sought-after $5 mark is difficult to attain. CoinCodex projects DOGE trading at $0.38 before January 20, 2025, reflecting a decrease of 7.32% from its present levels. Notwithstanding this, analysts predict DOGE will pick up steam by March 2025 and hit a fresh all-time high of $1.01. Reaching this mark would show a 146.34% rise.
Although DOGE might see a temporary increase, analysts project a long-term increase to $5, which is less hopeful and could take until 2030. DOGE might provide a different speed of growth for investors looking for quicker and more significant returns.
While DOGE is well-known for its memecoin character, Rexas Finance (RXS) is a strong competitor with a clear purpose for application. Positioned as a trailblazing venue for Real World Asset (RWA) tokenization, Rexas Finance uses blockchain technology to streamline asset-backed token creation, administration, and trading. Its straightforward approach seeks to democratize asset ownership, improve transaction openness, and simplify asset management.
Rexas Finance has already set excellent records through its presale events, with sales exceeding 350 million tokens and $28,668,332. Currently, in Stage 10, RXS tokens cost $0.15—a 400% rise from the first presale rate. Investors are keen to seize the last presale stage, where tokens will be priced at $0.175. This stage is 92.18% sold out.
Offering Stage 10 investors a 50% gain even before exchange trading starts, the project intends to launch RXS on main markets at $0.20 in early 2025. For investors looking for quick profits, analysts estimate RXS to be worth $5 significantly sooner than DOGE.
For current Stage 10 investors, a post-listing surge could result in up to 3233% returns, surpassing DOGE's plodding march to $5. Strong market demand, creative ideas for RWA tokenization, and Rexas Finance's solid foundations fuel this faster expansion possibility.
Through strategic benchmarks and its creative platform, Rexas Finance has drawn investor attention. The initiative has obtained listings on CoinGecko and CoinMarketCap, giving potential investors openness and access. Furthermore, its Certik audit approval proves the dependability and security of its blockchain architecture.
The possibility of Dogecoin reaching $5 depends on long-term market dynamics and ongoing backing from influential people like Elon Musk. DOGE is still a cultural symbol with excellent market penetration, but its gradual development path could discourage investors looking for quick profits.
On the other hand, Rexas Finance makes an interesting investment argument. Its creative approach to RWA tokenization, effective presale performance, and excellent growth potential make it a possible challenger to surpass the $5 milestone far before DOGE. Rexas Finance presents a chance for investors seeking quick and significant profits to ride the tide of blockchain-driven asset management change.
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