Elon Musk is all set to head the DOGE department, otherwise known as the department of government efficiency. The aforementioned department will be handling cost-cutting responsibilities, primarily handling federal budgeting duties to ensure a smooth flow of administrator operations. That being said, Musk’s close association with the crypto regime is playing a pivotal role in bolstering the web3 domain. The Tesla chief’s official political stint can help these three coins soar to new price levels.
Also Read: Ripple: XRP Price Forecast For The Weekend: How High Can The Token Go?
3 Cryptocurrency Coins To Soar When Doge Department Officially Commences Operations
1. Dogecoin (DOGE)
Source: Watcher Guru
Tesla’s chief, Elon Musk, has often shared a special bond with Dogecoin. Out of all other cryptocurrencies, Dogecoin is one token that Musk has publicly endorsed on multiple occasions, sparking price rallies in its wake.
Musk is set to officially assume his duties as the Doge head in January 2025, which may propel Dogecoin to new price highs.
Per CoinCodex, Doge may hit a new price mark of $0.98 by March 2025.
Source: CoinCodex
Also Read: Ryabkov Confirms De-Dollarization: Russian Payment Systems Threaten US Dollar Dominance
2. Ripple (XRP)
Source – Techpoint Africa
XRP is also a leading crypto player at present, banking heavily on the current market sentiment to gain further momentum. With Musk officially assuming his Doge department duties, the predicament could trigger an overall bullish momentum in the market, prompting XRP to leverage it to scale to new highs.
Per CoinCodex, XRP may soar to touch the $4 price mark by April 2025.
Source: CoinCodex
3. Bitcoin (BTC)
Source – Watcher Guru
Bitcoin is poised to gain the most out of such bullish developments. With Musk officially taking on the role as the DOGE head, his image as a crypto-friendly personality can prove beneficial for the entire sector, helping the markets project bullish waves in response to this change.
Also Read: Top 3 Cryptocurrencies You Should Watch If You Like Shiba Inu
Per CoinCodex, Bitcoin may touch a new high of $117 by January 2025.
Source: CoinCodex
