Dogecoin (DOGE) saw an incredible rally earlier this month. The price of the original memecoin took off after Donald Trump’s victory in the US presidential election. This rally is likely due to Elon Musk’s support for Trump and Bitcoin (BTC), which has reached a new all-time high. Musk is one of the largest DOGE supporters in the world. The asset’s price saw another surge after Trump gave the green light to the creation of a Department of Government Efficiency (DOGE) on Musk’s recommendation.
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Dogecoin Price Movements
DOGE is down 0.9% in the last 24 hours. The drop is likely due to Bitcoin (BTC) falling below $91,000 earlier this week.
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Despite the decline, Dogecoin (DOGE) maintained some gains in other periods. Memecoin is up 2.8% in weekly charts, 8.9% in 14-day charts, and 133.3% from the previous month. The price of DOGE has also increased by almost 405% since the end of November 2023.
How high will Memecoin go if Bitcoin hits $150,000?
According to Changelly, Bitcoin (BTC) could reach the $150,000 mark in October 2026. The platform predicts that the asset will trade at a maximum price of $152,870.86 in October 2026. Reaching $152,870.86 compared at current price levels will result in a rally of approximately 58.6%.
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On the other hand, Changelly presents a fairly bearish price prediction for DOGE in October 2026. The platform predicts that DOGE will trade at a maximum price of $0.32 in October 2026. A drop to $0.32 from the Current price levels will result in a drop of around 20%. %.
DOGE could also bounce higher than current levels if BTC hits the $150,000 mark. Many expect lenient crypto regulations under Trump’s leadership. DOGE could reach a new all-time high under such conditions.