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The renowned market strategist, Raoul Pal, confirms that the DOGE memecoin is among his main investments for 2025. In that sense, he assures that the token is one of his “concentrated bets” for the bull market that could reach peaks next year . With this, the expert credits the potential of this currency whose momentum rests on the tycoon Elon Musk.
In a publication on social network X, the investor makes it clear that he will not be the one who has the best or worst performance with his strategy. It is based on taking advantage of the momentum of some tokens such as Dogecoin to obtain profits that will be used to invest in other assets.
It highlights that its strategy targets assets within the Cryptocurrency market such as cultural non-fungible tokens (NFT). The investor’s bet on the meme coin can be considered a high risk one, although this is relative, considering the prospect of the token.
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Under the government of Donald Trump, the so-called Department of Government Efficiency will be created and its initials are DOGE in reference to the memecoin. This initiative by Musk becomes one that could give a big boost to the parody currency. This would be just one of the many positive elements for this and other memecoins.
DOGE to lead next memecoin sector rally
Expectations for Dogecoin’s rise are huge, with some analysts and supporters expecting the token to reach the $1 milestone. Some even dare to set a target price of $2.6 per token at the top of the 2025 bull run.
Musk’s companies and others could begin accepting the currency as a form of payment, which would significantly increase demand for the token. Despite this, all of this boils down to assumptions. It is important to keep in mind that the driving force behind the price of this token is speculation. That means that in the end it is their whales that will decide the 2025 price.
The important thing is that many experts like Pal make the token a kind of safe bet for profits. Six other important coins such as SOL, BTC and SUI are also included in this expert list. All of these coins demonstrated enormous growth capacity in 2024 and that trend could intensify in the coming months.
At the time of writing, the price of DOGE is $0.39 per unit and its 24-hour performance is -1.73%.
Disclaimer: This work is for informational purposes only and should under no circumstances be taken as an invitation or investment advice. Cryptocurrencies are highly volatile assets and placing capital in them can lead to total losses.
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