Dogecoin Latest News: Why DOGE Whales Are Flocking To This Viral New Crypto Despite Trump Inauguration

Dogecoin Price Falters amid Trump Inauguration

Elon Musk's support played a significant role in Donald Trump's presidential victory, leading to a surge in cryptocurrency prices. With Trump's inauguration approaching, expectations for a rally in Dogecoin (DOGE) are high.

Dogecoin's Recent Performance

DOGE started the year with a strong rally, offsetting losses incurred in the previous month. However, this uptrend was short-lived, with the price dropping due to fear, uncertainty, and doubt (FUD). The downward momentum has continued, with DOGE losing approximately 20% in value over the past month.

Despite these setbacks, Dogecoin remains popular among investors, evidenced by its daily trading volume in the billions of dollars. Additionally, DOGE whales have recently purchased millions of coins, temporarily halting the decline.

Trump's Inauguration and DOGE's Future

The crypto community anticipates a bullish turn for Dogecoin under President Trump, who is considered pro-cryptocurrency. Trump has appointed Paul Atkins, a crypto supporter, to head the Securities and Exchange Commission (SEC). Atkins is expected to ease regulatory pressures on crypto projects and promote the adoption of cryptocurrencies.

Analysts predict a sharp rally in DOGE following Trump's inauguration. They believe the coin will quickly recoup its losses and reach new all-time highs.

Remittix: A Potential Outperformer

While established coins like DOGE may benefit from Trump's inauguration, analysts believe that innovative tokens like Remittix (RTX) could experience even greater appreciation. Remittix is a protocol that facilitates seamless fiat currency transfers to bank accounts from crypto wallets.

RTX is currently experiencing a rally, and Trump's inauguration is expected to further highlight its revolutionary capabilities and attract more users. Analysts predict a potential 10,000% return on investment for early investors who participate in the Remittix presale.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.