Dogecoin (DOGE) Price Prediction: Will the OG Meme Coin Continue Its Upward Trend?

Dogecoin (DOGE) is surging ahead of President-elect Donald Trump's inauguration on January 20, buoyed by Trump's pro-crypto stance.

After slipping below the $0.34 level earlier this week, Dogecoin has seen a 5% surge, rising from $0.3429 to a high of $0.3645, before dipping slightly to around $0.3608 at the last check.

Dogecoin Surges 5% as Trump Inauguration Nears

Dogecoin, the OG meme coin, is showing signs of recovery amid the broader cryptocurrency market uptrend. Over the past 24 hours, DOGE has seen a 5% surge, pushing its price from $0.3429 to a high of $0.3645, before dipping slightly to around $0.3608 at the last check.

This surge has sparked renewed optimism among Dogecoin enthusiasts, with many speculating that the coin could continue its upward trend in the coming days.

Dogecoin’s 24-Hour Surge: A Sign of Bullish Sentiment?

The recent price increase has caught the attention of investors and analysts, particularly given Dogecoin's monthly loss of 10.77%. Despite this, the latest rally has generated buzz, as it marks a notable recovery for the meme coin that has faced its fair share of volatility in recent months.

The surge has also sparked conversations about Dogecoin’s future price trajectory, with many linking the uptick to the upcoming inauguration of President-elect Donald Trump on January 20, 2025.

Trump’s Inauguration and Its Impact on Dogecoin

President-elect Trump's pro-crypto stance has many in the Dogecoin community excited. With his impending inauguration, market sentiment has been increasingly bullish, as many believe his administration could bring favorable changes to the cryptocurrency ecosystem, especially for Bitcoin and its altcoin counterparts like Dogecoin.

Analysts speculate that Trump's support for digital assets could usher in new regulatory policies, positively impacting meme coins like Dogecoin.

As the date for Trump’s inauguration draws near, the bullish sentiment around DOGE continues to grow. While some investors anticipate a temporary dip around the swearing-in ceremony, many expect the inauguration to fuel further gains in Dogecoin's price, especially given the coin's close association with high-profile crypto advocates like Elon Musk.

Dogecoin Price Prediction: What’s Next?

Looking ahead, prominent prediction platforms such as CoinCodex forecast that Dogecoin will trade at around $0.360455 on January 20, 202