Dogecoin Plunges 20%—Could Trump’s Crypto-Friendly Loyalist Spark a Rebound?

The Dogecoin price fell 20% this week to $0.31. Markets dropped as Trump picked Katie Miller to run the Department of Government Efficiency (DOGE). This new role could change crypto rules and affect how prices move.

Also Read: Saylor Proposes $81 Trillion Bitcoin Reserve to Reinvent US Financial System

How Market Volatility and Trump’s Appointment Could Impact Dogecoin’s Future

Latest Price Movements

The Dogecoin price touched $0.267 Friday, which is the lowest in a month. Trader Tardigrade watched the Gaussian Channel, which helps spot price trends. “The fast rebound from the $0.267 low to $0.34 shows great buying interest at lower levels,” Tardigrade explains.

Trump Picks New DOGE Leader

Thank you @realDonaldTrump for your trust. Deeply honored to work for you at DOGE to make our government efficient and accountable. Let’s Make America Great Again! https://t.co/JYuvCEu6mp

— Katie Miller (@katierosemiller) December 23, 2024

Trump wrote on Truth Social: “Katie Miller will soon be joining DOGE! She has been a loyal supporter of mine for many years, and will bring her professional experience to Government Efficiency.” Miller replied: “Deeply honored to work for you at DOGE to make our government efficient and accountable. Let’s Make America Great Again!”

Also Read: Dogecoin: How To Become A Millionaire With DOGE By 2030?

How Other Coins Compare

The Dogecoin price still shows 233% gains from last year, while other meme coins fell even more. Dogwifhat lost 32%, while Floki and Pepe dropped 27%. Shiba Inu fell around 23%, just like DOGE.

Big Names Back DOGE

The Dogecoin price could hit $1.12494 by 2025, says CoinCodex. Digital Coin Price thinks it might reach $1.48 by 2026. Elon Musk supports DOGE through Tesla and SpaceX. He’ll work with the new department and Vivek Ramaswamy to help crypto grow.

Also Read: Shiba Inu: Here’s What SHIB’s Immediate Price Target Is?

What’s Next

Large trades and market shifts move the Dogecoin price each day. Miller, Musk, and Ramaswamy want fewer rules in their new department. This might help more people buy crypto.