There’s been a lot of recent hype around Dogecoin, especially following Donald Trump’s win. The price action has shown some strong bullish candlesticks, likely influenced by Elon Musk’s frequent post about it even naming an upcoming government organization with the initials.
The possibility is there and we can't really deny it, I am not saying we are going to get a terrible result, we could potentially get a good result here and we can't make a lot of sense of the situation right now. We need to see that first Elon Musk get in a governmental position and do something about it, if he keeps on promoting it then it could go up, I am not saying it "will", I am just saying it "could", the potential is there but we would never know what's going to happen.
We could literally see it reach 99 cents and crash afterwards. Things do not always make sense in doge world. Like for example last bull run, we saw Elon Musk get on SNL and talk about dogecoin and in the same 24 hours we have seen Doge crash, that never made any sense to me but it did happen. So we need to wait and see if it will do fine or not.