The price of Dogecoin has abandoned Significantly in recent months, the return to pre-electoral levels, despite the initial gains following the presidential victory of Donald Trump in 2024. The climb of the cryptocurrency occurred while the newly inaugurated president introduced the Ministry of Government Effectiveness (DOGE) in January 2025. This department, focused on the modernization of federal technology and rationalization of government operations, gave Dogecoin an important platform.
Elon Musk, a vocal defender of the medal, played a key role in his increase after Trump’s victory. After the November 2024 elections, Dogecoin experienced its price rise from about $ 0.15 to more than $ 0.47, pushing its market capitalization over $ 60 billion. Musk’s involvement in cryptocurrency was long; He has been a leading supporter for years, his presence on social networks and his public mention contributing to the previous summits of Dogecoin, such as the peak of all time of $ 0.73 in 2021.
Despite its initial increase, Dogecoin has lost momentum, falling by more than 40% in the last three months. During the editorial staff, it is negotiated at around $ 0.207. However, the room remains among the 10 largest cryptocurrencies by market capitalization, reaching $ 30.6 billion. Part of this drop is attributed to the cooling of the enthusiasm of investors, because the initial post-electoral euphoria has faded. The Government Ministry of Efficiency, designed to implement Trump’s “Dogenda”, aims to maximize government productivity by technological modernization and demands savings of $ 65 billion at the end of February 2025.
The cryptocurrency could see a renewal of interest, in particular with the rise of the funds negotiated on the stock market (ETF). In January 2025, Bitwise filed with the dry for an ETF of Dogecoin, and Grayscale Investments launched the Dogecoin Trust. Analysts estimate 75% of opportunities for Dogecoin products to be approved in 2025, which could further increase its visibility on the market.
Meanwhile, Tesla, another Musk companies, has faced difficulties. The company’s shares have dropped by 30% since the 2024 elections, and its global sales of electric vehicles have decreased considerably. These challenges, as well as the growing Musk association with Trump, led some investors back. This was highlighted during an interview in February 2025 with Trump and Musk on Fox News, which drew attention to their increasingly visible political alliance.
Despite these setbacks, Dogecoin remains an objective for Musk, the Doge always pushing for a wider adoption of the medal in federal operations. It remains to be seen if this continuous support will lead to another increase in value.