Reports Suggest Elon Musk May Be Stepping Down From His Role at the United States' Department Of Government Efficiency (D.O.G.E)

Given Musk's impact on cryptocurrency meme coins – traders rightfully want to know how this will affect prices. This Dogecoin price prediction looks at where $DOGE could be headed

Reports suggest that Elon Musk may be stepping down from his role at the United States’ Department Of Government Efficiency (D.O.G.E).

Given Musk’s impact on cryptocurrency meme coins – traders rightfully want to know how this will affect prices. This Dogecoin price prediction looks at where $DOGE could be headed next and explores alternative meme coins, MIND Of Pepe and Bonk.

Dogecoin Dips Amid Musk Sacking Whispers

Musk appears to be losing his political clout as Donald Trump tells his inner circle he’ll step down from his role at D.O.G.E.

A report by Politico says that while Trump is pleased with Musk, the tech mogul is a “political liability.”

It adds that Trump and Musk have agreed that Musk will focus on his businesses and take a more supportive role.

However, Musk has clapped back at these claims, calling them “fake news.”

Yeah, fake news https://t.o/nPhTpZj3Fc

— Elon Musk (@elonmusk) April 2, 2025

Nevertheless, the market is pricing them in as a real possibility. Dogecoin has dipped 1.49% today.

While Musk rejected the claims, it’s worth circling back to the term Politico used: “political liability.”

The market cannot take Musk’s words at face value, there could be ulterior motives. This leaves an air of uncertainty surrounding whether or not Musk actually steps down from D.O.G.E. So what does this mean for Dogecoin?

Musk has certainly dialed down his Dogecoin rhetoric in recent months – but a break away from the US government could rekindle his memetic interests.

On the flip side, Musk retaining his position in D.O.G.E (an acronym that mimics Dogecoin’s ticker symbol), only adds to Dogecoin’s lore. As the market rises in the coming months, this narrative would seperate Dogecoin from every other meme coin.

Last cycle, Musk helped pump Dogecoin without a seat in Trump’s cabinet. He could well do it again this cycle – but being the leader of D.O.G.E could supercharge the rally.

Analysts Call For Dogecoin Surge

Experts believe that Dogecoin could hit highs of up to $2 in the coming months. CryptoELITES says that Dogecoin could tap $2 by May and finish the cycle at a price of $2.7.

He notes that $DOGE has flipped a macro trendline resistance into support and now looks to commence its next higher time frame rally.

«DOGE has hit the bottom!

I'm expecting at least $2 by the end of April & May!

Mark this tweet—you'll remember it later! $DOGE #DOGE #Crypto»

Meanwhile, Surf notes that Dogecoin is forming a similar chart pattern to 2017, in which it subsequently gave 10x gains. Should history repeat, Dogecoin could potentially hit $1.6 this year.

«History often rhymes. $DOGE »

— Surf (@_CryptoSurf) April 2, 2025

Meme coin prices rally every time that the crypto market starts to look bullish again. Investors cannot shake their fascination with the joke token sector, and they’ll continue to bid their favorite projects as market conditions shift bullish.

Provided that crypto prices recover in the coming paced, we could well see Dogecoin surge to highs of $2, marking over a 2x increase from last cycle’s highest price.

Best Meme Coins to Buy That Can Outpace Dogecoin in 2025

If Dogecoin does a 10x, there’s no doubt that newer meme coins will once again be making investors rich. This is because they have lower market caps, and therefore, more room for growth.

One prime example is a new project called MIND Of Pepe.

It’s building a Pepe-themed AI agent that will provide its community with trading opportunities.

The agent will identify trends and even launch its own tokens, and $MIND holders will have insider access to it all.

It’s not just a meme coin; it’s a ticket to becoming a more effective trader.

The project is undergoing a presale and has raised over $7 million so far.

By mixing the Pepe coin star power with real AI utility, MIND Of Pepe has all the hallmarks of a project that could do well. And the fact it’s currently in its presale means investors can get in from the ground floor.

Another project that could outperform is a Bonk. Bonk is a Dogecoin-reboot on Solana. It was created in late 2022 and has been a top Solana meme coin ever since.

Both Bonk and its biggest competitor Dogwifhat were listed on Coinbase last year but