Dogecoin could hit $1 if Trump wins and Musk gets the cabinet role

Elon Musk’s potential role in Trump’s administration sparks Doge army excitement as investors rush to buy Base Dawgz at the ground floor.

The world is full of surprises, but no one thought we’d be talking about Dogecoin in U.S. presidential election.

But here we are – Elon Musk might be taking a position in Donald Trump’s administration, and the Doge army is thrilled.

Trump calls Musk for cabinet, Musk responds with Dogecoin meme

Pinch yourself – this is actually happening. Dogecoin memes are a part of the 2024 U.S. elections. Reuters asked Donald Trump if he’d appoint Musk to his cabinet should he win the election.

“He’s a very smart guy,” he responded. “I certainly would, if he would do it, I certainly would. He’s a brilliant guy.”

And Musk’s response? An AI-generated Dogecoin meme.

He tweeted, “I am willing to serve” on X, along with an image of himself behind a podium for the Department Of Government Energy, or D.O.G.E. Musk’s response was on-brand, and it does not rule out the possibility of him taking a cabinet position.

Moreover, it creates a previously unimaginable timeline. The business mogul would probably love nothing more than shilling Dogecoin from the Whitehouse. 

And regarding whether Musk would have the bandwidth for the role, we’ve already seen him on challenge after challenge, most recently buying X (formerly Twitter). It’d be business as usual for the infamous CEO.

But what would this mean for Dogecoin?

First off, we should note that unlike in Trump’s last presidential stint, he is notoriously welcome to crypto this time around. He’s even teased launching his own project.

The industry can expect no regulatory headwinds should he gain office.

Last cycle, Dogecoin hit an all-time high of $0.73, primarily driven by the support of Elon Musk. At the time, Musk’s main firepower was owning Tesla.

This time, he’s also acquired X, the most prominent social media platform for financial topics, and he could be a member of the U.S. government.

Moreover, if Trump wins, the regulatory landscape will be lenient, drawing more investors and liquidity to crypto.

Getting from $0.73 to $1 is a 36% increase. With all these extra catalysts on board, there’s every chance DOGE hits the mark.

The price chart is also primed for growth. Well-known trader The Coach targets $1, noting that “the retest looks complete” after DOGE broke above a trendline resistance.

Right now, DOGE is trading at $0.1. Hitting $1 would mark a 10x gain. While impressive, it’s drastically less than in 2021. DOGE did more than a 70x that year.

For those seeking similar gains, newer memecoins may be the way to go. One of the most promising is Base Dawgz, a new Doge-themed presale with some serious upgrades.

Multichain memecoin Base Dawgz nears $3M at presale 

Investors are scrambling to buy Base Dawgz at the ground floor. The timing couldn’t be better. Memetic excitement is at a fever pitch, and Base Dawgz is just getting started.

Moreover, it offers some massive advantages over legacy meme coins.

Most importantly, it has multichain functionality. Base Dawgz is available on Ethereum, Solana, Base, BSC, and Avalanche.

While most memecoin prices are pinned to the popularity of their underlying blockchain, Base Dawgz’s chain-agnostic approach is like a unifying bet across all meme coin markets.

It’s a captivating idea, and analysts are going crazy for it.

The 99Bitcoins YouTube expects Dogecoin-like gains, saying it could 100x after launching on exchanges.

However, the analyst also highlighted that Base Dawgz has features like a staking mechanism and a referral scheme. Staking encourages users to lock up their tokens for passive rewards, which minimizes sell pressure.

Meanwhile, “refer-and-earn” could amplify community growth by incentivizing users to share the project with friends and on social media. The Base Dawgz presale is ongoing and has raised almost $3 million. The current price is $0.008173, but this is expected to rise throughout the presale.

For more information, visit the Base Dawgz Presale website.