Dogecoin News: Elon Musk’s D.O.G.E. New Era Next Week, DOGE Price To Hit $2
- topcryptonews
- Nov 30, 2024
- 2 min read
Dogecoin price awaits rally as Department Of Government Efficiency (DOGE) lead Elon Musk and Vivek Ramaswamy visit Capitol Hill next week.
Elon Musk and Vivek Ramaswamy will meet with Republican House and Senate members next week, revealed House Speaker Mike Johnson. The Department Of Government Efficiency (DOGE) will propose key proposals to reform government regulations and agencies. As a result, Dogecoin price can breakout above $1 and move further with a massive rally to $2.2, predicted analysts.
Analysts Predict Dogecoin Price Rally to $2
Dogecoin rallied massively as President-elect Trump and Elon Musk promised major governmental transition and crypto-friendly regulations.
Today, DOGE price jumped 6% in the past 24 hours, with the price currently trading at $0.42. The 24-hour low and high are $0.400 and $0.437, respectively. Furthermore, the trading volume has increased by over 80% in the last 24 hours, indicating massive interest among traders.
Notably, analyst Bluntz Capital predicted a 420% upside for Dogecoin price to $2.2. He added that $1 will hit soon as DOGE/BTC pair chart targets massive rally.
Moreover, top analyst Rekt Capital shared a bullish ‘ascending triangle’ pattern formation on Dogecoin price’s daily chart. This signals the meme coin could enjoy another round of money flow.
He added that DOGE needs to close the week above $0.43 to confirm a breakout to $1. Notably, DOGE is already forming a ‘golden cross’ on the 4-hour chart, which could trigger a rally to $2.
DOGE Lead Elon Musk and Vivek Ramaswamy Capitol Hill Visit
Elon Musk and Vivek Ramaswamy are heading to Capitol Hill next week to present key reform proposals of the Department of Government Efficiency (DOGE).
House Speaker Mike Johnson confirmed that Musk and Ramaswamy will meet Republican House and Senate members on December 5. Republican Party won the majority in both chambers of the US Congress in elections. The crypto industry supported Donald Trump and the candidates, triggering a BTC rally toward $100K and DOGE price to hit a 3-year high.
In fact, Trump said DOGE will pave the way for the administration to dismantle governmental bureaucracy, slack excess regulations, cut expenditures, restructure federal agencies and more.
Besides, Elon Musk posted on November 30 about how the Biden administration impacted economic and business growth. Vivek Ramaswamy and Musk slammed the government as people and businesses were ‘debanked’ forcibly. Crypto executives including David Marcus, who led Facebook’s Libra project, revealed how the government politically killed Diem stablecoin.