Dogecoin (DOGE-USD) is in the midst of a major uptrend, with traders predicting it could skyrocket much higher than expected. According to pseudonymous trader Bluntz, DOGE is in a “monster uptrend” and could soar higher than many expect. Bluntz predicts that DOGE/BTC will rise by 373%, reaching an all-time high this cycle. He’s also bullish on Bitcoin, forecasting that it could hit over $100,000, which would push DOGE’s price even further, potentially reaching $2.20 per coin. This bold forecast has some traders looking at DOGE in a whole new light.
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Elon Musk and December 5th Could Trigger a Price Surge
The interest around Dogecoin is also tied to a key event on December 5th. On that day, Elon Musk and Vivek Ramaswamy will meet with U.S. lawmakers in Washington, D.C., to present proposals under the Department of Government Efficiency (DOGE). Musk’s influence has already proven to drive Dogecoin’s price up, with a 15% increase following the department’s announcement and an additional 120% surge shortly after.
Musk’s Moves and Speculation Continue to Drive Dogecoin’s Growth
Dogecoin’s recent rise is no accident. It’s a mix of strong speculative interest and Musk’s active role in the coin’s development. From the “Trump trade” to Musk’s leadership in the DOGE department, each move has significantly impacted DOGE’s value.
At the time of writing, Dogecoin is sitting at $0.4130.
