Santiment analyst Maksim Balashhevich says now that Elon Musk is no longer working for the White House, he has time for more pro-Dogecoin antics, meaning another price rally could be on the horizon.
The fact that Musk and Trump are now fighting opens up the potential for Musk to return to his “old crypto playbook,” says Balashhevich.
Dogecoin surged 196% last November, following Trump’s presidential election victory and a broader upswing in the crypto market. Many attribute that rally to the excitement around Musk being appointed to lead the very conveniently named Department of Government Efficiency (DOGE).
His “actionable insight” is for traders to monitor Dogecoin’s social volume. “If discussions around the coin remain low for a few more days, it could create the perfect setup for a pump should Musk decide to post about it,” he says.
Dogecoin has been closely tied to Musk’s antics over the years, with many tweets from the erratic Tesla boss leading to sudden pumps — so much so that he had a lawsuit against him.
Dogecoin has since lost most of Trump’s post-election gains as public opinion turned against the DOGE agency, trading at $0.1935 at the time of publication
