Is DOGE primed for a new bull run?

TL; DR

Large investors have accumulated more than 1.8 billion DOGE in the last 36 hours, reducing the circulation supply and having a positive effect on the price.
Trump's pro-crypto stance and Musk's role in the DOGE department may increase the popularity and value of the meme coin in the near future.

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Big DOGE activity income?

The past few days have been more than eventful for the cryptocurrency market, which has experienced renewed turbulence. For example, the price of Bitcoin (BTC) rose above $106,000 on January 19. Before long, it had dropped below $100,000. blow out A new all-time high of nearly $110,000 minutes ago.

The improved flexibility is mostly caused by Donald Trump Today's upcoming launch also impacted Dogecoin (DOGE). In the largest Mim coin terms Its market capitalization has hovered between $0.34 and $0.43 over the past three days, and is currently valued at around $0.38 (per CoinGecko data).

one Important A body that suggests that DOGE is preparing to make a significant rally in a short period of time It's whale activity.. X user Ali Martinez revealed Such large investors accumulated 1.83 billion tokens in the last 36 hours (more than $700 million in current values).

The development will reduce the spread of the property, which could cause prices to rise (as demand continues or heads north). It can also encourage smaller players to enter the ecosystem, thereby generating additional capital inflows.

A possible Trump/Musk effect?

Another major factor that spells good days for the DOGE bulls is Donald. Trump As the incoming regime America 47th president. During the presidential campaign, the Republican presented himself as the right choice for pro-crypto voters and made several promises to help the industry expand in the near future.

in addition, There are recent reports They pointed out That's Trump “He plans to release an executive order that will elevate crypto as a policy priority and give industry insiders a voice in the administration.“

Elon Musk Participation in politics should also be mentioned. Tesla The boss has become a part Trump Internal circuit b The past Many months and leave Even Spear head An incoming department called the Department of Government Efficiency (DOGE).

of Body The main objective is to reduce the bureaucracy. Remove it Eliminate unnecessary regulations, and wasteful spending in American government. But DOGE fans have noticed. Clear A match between your favorite cryptocurrency and the agency's acronym, predicting that it could have a positive impact on meme coin.

After all, Musk is a big advocate of Dogecoin, often praising its benefits and supporting it. By X. Whether he will announce any big news to the DOGE community as head of the department, we are yet to see.