Will Dogecoin hit an all-time high after Trump's inauguration? Influencer says the picture is "almost identical" to last week's inauguration
On Monday, a prominent X-person pointed to the possibility of #Dogecoin DOGE/USD price spiking after the upcoming presidential inauguration
What happened: the world's largest #meme coin. Cephius, an active supporter, noted the historical pattern of Dogecoin's rise after the presidential inauguration.
Cephius noted that the dog-themed cryptocurrency #rose nearly 1,100% a week after Joe Biden's inauguration in 2021
#DOGE rose after the inauguration, but the growth was not as rapid. It took a month for the asset to rise nearly 500% after the inauguration.
Influencers also noted that the post-election picture was "nearly identical" to the 2021 picture, implying that the rise would be repeated.
In the last cycle, $doge rose about 1100% in the week after the inauguration. Interesting. So far the post-election picture is almost identical.
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