Dogecoin (DOGE) is once again in the spotlight as a tweet from Elon Musk and a statement from Donald Trump sparked a surge of investor excitement.
This latest wave of enthusiasm has brought DOGE back into mainstream focus, with traders eyeing a potential rally toward the much-anticipated $1 mark.
In a recent announcement, Donald Trump appointed Elon Musk and entrepreneur Vivek Ramaswamy to head the Department of Government Efficiency, abbreviated “DOGE” for short.
Musk and Ramaswamy will work to reduce bureaucracy and promote efficiency, with the ultimate goal of transforming the U.S. government into a more effective entity by July 4, 2026 – coinciding with America’s 250th Independence Day. The duo aims to infuse a private-sector mentality into federal agencies, leveraging their expertise to streamline government spending.
Musk took to his platform, X, to declare that DOGE’s actions will be fully transparent and crowd-monitored. “We will have a leaderboard for the most insanely dumb spending of your tax dollars. This will be both extremely tragic and entertaining,” Musk added.
DOGE Pumps as Market Responds to Musk’s Backing
Dogecoin surged over 119% in the past week, reaching its 3.5-year high of around $0.438 before slightly cooling off to its current price of $0.413.
This latest burst of price action showed the classic “Musk effect,” where any association with Elon Musk tends to send DOGE soaring. This is why the ‘Doge Army’ is now more optimistic than ever that DOGE might reach $1.
Given the current market sentiment and Musk’s continued endorsement of Dogecoin, many analysts suggest that a price target of $1 is possible.
For example, popular X influencer Crypto Daily Trade Signals – which specializes in DOGE analysis – believes the top meme coin is well on its way.
The same sentiment is echoed by Jeremy BTC, who believes DOGE will be the biggest winner of the bull run.
While Musk’s endorsement often brings huge short-term gains, Dogecoin will need sustained adoption and trading volume to cross the $1 barrier.
The DOGE price has shown relatively high volatility, trading at nearly $0.38 at press time after slightly declining from its recent peak.
For now, traders are divided—some are “FOMO” buying into DOGE, expecting the Musk effect to drive prices higher, while others are holding off, waiting for better entry opportunities.
As the meme coin mania continues, many investors have realized that Dogecoin is not alone in its recent hype. Emerging coins like Pepe Unchained and Flockerz are also positioning themselves as the next big winners in the meme coin space.
Investors Turn to New Meme Coins as Pepe Unchained and Flockerz Presales Soar
The excitement around Dogecoin is also leading some whales to eye other emerging meme coins with high upside potential.
One example is Pepe Unchained ($PEPU), which has become one of the hottes crypto projects of the year after raising over $28 million in its ongoing presale.
It’s designed exclusively for the meme coin community and tackles problems like high fees and slow transactions on Ethereum.
One of its main features is a special Layer 2 network that allows easy and low-cost transfers between ETH and the Pepe Chain.
Pepe Unchained offers a dedicated blockchain that processes transactions 100 times faster than Ethereum and includes a full ecosystem with a DEX, a secure bridge, a block explorer, and a staking platform.
The presale price is currently just $0.01279 per token, offering a great opportunity for early investors before it lists on exchanges. It’s also worth noting that early buyers can get an attractive 88% staking APY.
Another promising meme coin currently on investors’ radar is Flockerz ($FLOCK). It’s an innovative project that has created a unique Vote-to-Earn system.
It operates on the Ethereum network and aims to change how community governance works through its ‘Flocktopia DAO.’ This allows token holders to take part in decision-making and earn rewards for their engagement.
You can stake $FLOCK to get a high APY of over 1,100% at press time.
The project focuses on true decentralization and giving power to the community, which they call ‘The Flock’.
Unlike many traditional meme coins (where a small team makes all the choices), Flockerz puts important decisions into the hands of its users and incentivizes them to participate with rewards.
Early investor response has been quite impressive, with over $1.6 million raised in a few weeks of launch. You can grab $FLOCK for just $0.0060049 at the time of writing. However, this price will increase in the next presale round, which starts in less than 48 hours.
