Renowned crypto analyst Cephii suggests that Dogecoin's price could surge by 1,100% in a similar manner to its previous rally after the inauguration of the U.S. president in 2021. Cephii argues that the price pattern in 2024 is similar to the 2021 cycle, indicating that similar conditions, such as the inauguration of a new administration, could lead to another significant rally for Dogecoin. The current price of Dogecoin is $0.3441 per token, and if it replicates its previous performance, it could reach $4.1532 after Trump is inaugurated as the 47th president, taking its market cap to $613.02 billion. While some market observers have predicted a price target of around $4 for Dogecoin, previous projections have not materialized. However, with the positive impact of Trump's victory on the crypto market and his appointments of pro-crypto advocates, investors remain confident that Dogecoin's price will rebound. Additionally, crypto stakeholders are lobbying for the establishment of a Strategic Bitcoin Reserve under the new administration, which could benefit assets like Dogecoin due to their strong correlation with BTC.
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