TLDR
- If Dogecoin maintains support between $0.16-$0.19, analysts predict a potential rally to $4 (1,900% increase)
- Donald Trump announced a U.S. Crypto Strategic Reserve including Bitcoin, Ethereum, XRP, Solana, and Cardano, but not Dogecoin
- Dogecoin rallied up to 16% following Trump’s announcement despite not being mentioned
- Dogecoin co-creator Billy Markus highlighted DOGE was created in the USA (Portland, Oregon)
- Elon Musk reacted to discussions about including Dogecoin in the strategic reserve with a laughing emoji
Dogecoin has seen a sharp price increase following President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve, despite not being included in the initial list of cryptocurrencies.
The meme-based cryptocurrency jumped as much as 16% after the news broke on March 2, 2025, settling at a 7.5% gain as traders speculated on its possible future inclusion.
Trump’s announcement outlined plans to establish a national cryptocurrency reserve that will initially include Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement triggered a market-wide rally, adding over $300 billion to the total cryptocurrency market cap in a show of investor enthusiasm.
Dogecoin was trading at approximately $0.22 at press time. This represents a 10.66% increase over 24 hours despite a 2.16% decrease over the past week, according to recent market data.
The 24-hour trading volume for Dogecoin stands at around $3.69 billion. This high volume indicates active trading interest in the cryptocurrency following the reserve announcement.
Dogecoin remains about 69% below its all-time high of $0.74 reached in 2021. Analysts point out that despite recent gains, the cryptocurrency has significant ground to recover to reach previous peak levels.
Some market watchers have made bold predictions about Dogecoin’s future price movement. Analyst Martinez has outlined an ascending price range for Dogecoin dating back to its launch in 2015, suggesting a path to much higher valuations.
According to these predictions, if Dogecoin holds above the crucial support zone between $0.16 and $0.19, it could potentially rally to $4. Such a move would represent nearly a 1,900% increase from current prices.
A $4 valuation would push Dogecoin’s market capitalization to approximately $575 billion. This would make it larger than Ethereum’s current market cap and position it as a major force in the cryptocurrency market.
The Dogecoin community reacted quickly to the exclusion from Trump’s initial list. Co-creator Billy Markus, known as Shibetoshi Nakamoto on social media, pointed out Dogecoin’s American origins, tweeting: “I just wanna reiterate that dogecoin was created in the USA, in Portland Oregon. Source: me.”
The official Dogecoin account addressed Trump directly with a brief message: “@realDonaldTrump, bruh.” This simple statement appeared to be calling for the president’s attention to the cryptocurrency’s absence from the reserve list.
Elon Musk
Elon Musk, a well-known Dogecoin supporter, responded to these exchanges with a laughing emoji. Musk’s reaction came within minutes of the community’s appeals to Trump, though his exact stance on Dogecoin’s inclusion in the reserve remains unclear.
Some community members believe Dogecoin’s exclusion may be due to lack of awareness. X user Antonio Zamudio suggested:
“I think Trump doesn’t know about the existence of Dogecoin, many Crypto CEOs have approached Trump, but although Elon is close to Trump, no one has really talked to Trump about the Dogecoin crypto.”
Crypto analyst Kevin expressed more confidence, stating: “With Elon being best buddies with Trump and them working hand over first to Make America Great Again I have no doubt in my mind that Dogecoin will be in the strategic reserve at some point. Also DOGE Payments likely coming soon on X.”
With Elon being best buddies with Trump and them working hand over first to Make America Great Again I have no doubt in my mind that #Dogecoin will be in the strategic reserve at some point. Also #DOGE Payments likely coming soon on X.
— Kevin (@Kev_Capital_TA) March 2, 2025
Trump’s announcement did leave room for additional cryptocurrencies to be added later. The president mentioned that “other valuable cryptocurrencies” could eventually be incorporated into the reserve, stating: “Obviously, Bitcoin and Ethereum, as other valuable cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum.”
From a technical analysis perspective, Dogecoin had fallen out of a descending trend channel before the announcement. Following the news, it rebounded into the channel and is testing the lower trend line as support.
Analysts note that a daily close above this trend line would be needed to confirm the bullish momentum. This technical factor, combined with the broader market sentiment, could influence Dogecoin’s short-term price action.
