Some investors predict that Dogecoin ($DOGE) may soon experience a significant price increase. Elon Musk has started an initiative since October 19th (U.S. time), randomly selecting a supporter of Trump each day to award them $1 million, an event that will continue until the presidential election is concluded. This seems to indicate that Musk is actively supporting Trump's campaign. If Trump manages to win the election and become President of the United States again, there is reason to believe that the value of DOGE could see explosive growth. Conversely, if Trump fails to be elected, the outlook for DOGE may become bleak.
Given the current situation, the likelihood of Trump being re-elected is considered quite high, so it may be time to consider some investment positioning in DOGE. Musk's continued support for DOGE and his influence in the cryptocurrency market have made the future prospects of DOGE highly anticipated. Investors should closely monitor market trends and related news to better seize investment opportunities.