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The Dogecoin price could be on the cusp of a major bull run, courtesy of Elon Musk once again.
In an interview on Monday, former president Donald Trump revealed that he would be open to offering a cabinet or advisory role to Musk, adding that the Tesla owner is a “brilliant guy”.
Musk took to X (formerly Twitter) in response to Trump’s comments, claiming that he is willing to serve.
Unsurprisingly, the Dogecoin price rallied by nearly 7% after Musk’s comments. Indeed, DOGE could emerge as the best crypto to buy now if the odds of a Trump victory take a turn for the better.
Smart-money investors are also closely watching newer doge-themed tokens such as PlayDoge, owing to their low-cap status and high return potential.
Is Dogecoin The Best Crypto To Buy Now?
Rumours regarding Donald Trump tapping Elon Musk for a cabinet or advisory role aren’t new.
The Tesla and SpaceX owner publicly endorsed Trump following the assassination attempt on the latter’s life.
In their recent X interview, Musk also offered to help Trump with a government efficiency commission to cut down spending. The Republican candidate seemed to love the idea, calling Musk “the greatest cutter”.
However, Monday’s exchange is the first time when both men have publicly confirmed the speculation, with Musk acknowledging his desire to join the Trump administration.
The billionaire did not miss this opportunity to showcase his support for Dogecoin, stating that the Department of Government Efficiency – in short, DOGE – would be perfect for him.
In response, the DOGE price bounced by over 7%, which may appear tepid at first glance. However, this is largely because the race for the White House is currently a dead heat, with both the candidates tied on Polymarket.
Considering that the Republican was trailing by as much as 10 points last week, he has staged a remarkable comeback. Meanwhile, third-party candidate Robert F. Kennedy Jr appears poised to suspend his campaign and publicly endorse Trump.
As the former President’s odds surge, the Dogecoin price could explode as well.
As such, experts remain bullish on DOGE in the long term, projecting that it could see a 10x growth to reach $1 in the coming months. Indeed, the top meme coin has replicated a consolidatory price action similar to 2020 in the lead-up to its bull run.
Trump’s resurgence could be the spark which kick-starts another Dogecoin price rally, making it one of the best crypto to buy now.
Experts Also Bullish On PlayDoge
Smart-money investors being bullish on low-cap tokens such as PlayDoge isn’t surprising. New meme coins such as PlayDoge (PLAY) can often offer outsized returns amidst bull market euphoria.
As such, the hype and FOMO surrounding PLAY has reached a fever pitch recently after the announcement of August 26th as its presale closing date. Investors now have a little over 5 days to buy the meme coin at its discounted price.
The PlayDoge ICO has already raised over $6 million in its ICO, with this figure expected to be much higher before the closing date.
The strong early demand is largely due to its GameFi utility. Following in the footsteps of Notcoin and Hamster Kombat, PlayDoge is launching a beginner-friendly and rewarding P2E game, not unlike a modernized version of Tamagotchi.
Players earn free PLAY tokens for completing a series of 2D adventures with its virtual companion. Additionally, they can even stake their coins and earn passive income at a high reward rate.
Unsurprisingly, smart-money investors have been quick to recognize PLAY’s potential, with some expecting it to deliver up to 10x gains after its IEO.
Visit PlayDoge Presale
Source: https://finbold.com/is-dogecoin-the-best-crypto-to-buy-now-as-trump-taps-elon-musk-for-cabinet-role/