Dogecoin News Update: Why DOGE Whales Are Turning to This Trending New Crypto Despite Trump's Inauguration

Preparations are complete for Donald Trump’s inauguration as the next president of the United States, following his election win that triggered a surge in cryptocurrency prices. With “Dogecoin influencer” Elon Musk playing a significant role in Trump's victory, there is speculation that DOGE price might experience a strong rally as January 20 nears.

Yet, is there another crypto phenomenon gaining the interest of DOGE whales, potentially offering larger profits than DOGE? Keep reading for more insights.

DOGE price stumbles as Dogecoin's new year's surge fades  

Dogecoin kicked off the new year with a bang, attempting to recover from last month's losses within the first week. Nonetheless, this surge was short-lived. The DOGE price declined soon after, as fear, uncertainty, and doubt (FUD) prompted weak holders to sell. Dogecoin has since continued its downward trajectory, falling by around 20% over the past month.  

Despite this, not all hope is lost for the meme coin leader. Dogecoin’s daily trading volume remains in the billions, showing genuine investor interest. Furthermore, Dogecoin whales have accumulated millions of DOGE recently, which seems to have temporarily halted the decline. 

While this is positive news for DOGE, rumors persist about DOGE whales acquiring large quantities of other cryptocurrencies. This split attention might explain why DOGE hasn’t gained momentum, despite its significant trading volume. 

Impact of Trump’s Inauguration on DOGE Price

The prevailing belief within the crypto community is that a turnaround is imminent, particularly for Dogecoin. With Donald Trump, a figure supportive of cryptocurrencies, stepping into office, there's a good chance of an upcoming bull market. 

Trump has appointed Paul Atkins, a known advocate for crypto, to head the Securities and Exchange Commission. Paul is expected to ease the SEC’s grip on crypto projects and introduce regulations that favor cryptocurrencies, potentially boosting their adoption. 

This change is likely to drive Dogecoin’s price upward. Analysts predict a robust rally post-inauguration, with Dogecoin poised to recover its losses and embark on a steady rise to reach a new peak. 

Boosting Your Crypto Returns

Trump’s inauguration is set to significantly influence cryptocurrency prices, similar to the effect of his electoral win. While established coins like DOGE are expected to climb as he enters the White House, new and innovative tokens like Remittix are anticipated to see the most appreciation. 

In case you haven't heard, Remittix is a groundbreaking protocol enabling anyone to send fiat to any bank account directly from their wallets. It boasts strong fundamentals, revolutionary utility, and is gaining traction in the crypto world. 

RTX is already enjoying a strong rally, and the Trump inauguration will highlight its innovative status, attracting more users. This gives it enormous potential for substantial gains for early investors. 

Cryptocurrency analysts are forecasting that RTX will ride the forthcoming bullish trend, potentially going viral and offering investors up to a 10,000% return on investment. This makes joining the presale a compelling option for crypto investors eager to capitalize on this opportunity. 

Explore the future of PayFi with Remittix by visiting their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.