Dogecoin towards new ATH? History could repeat itself with the inauguration of Trump

Some analysts argue that the story of Dogecoin could repeat itself, reaching new all-time highs (ATH) right after Donald Trump’s inauguration. Just like it happened in 2021, DOGE could experience the same scenario, also driven by Elon Musk’s involvement in US politics. 

Dogecoin ATH: will history repeat itself after Trump’s inauguration?

Some analysts are expressing their evaluations on Dogecoin, noting some similarities with 2021, the year in which DOGE recorded its ATH.

In 2021, the new ATH didn’t happen until 8 days after the presidential inauguration. Will it take this long again? $DOGE pic.twitter.com/tkzKsQb3Ze

— Chandler (@ChandlerCharts) January 14, 2025

“In 2021, the new ATH was not achieved until 8 days after the presidential inauguration. Will it take that long again?”

In fact, looking at the price chart of DOGE, its 2021 price surge came a week after the presidential inauguration. 

From that moment, DOGE then recorded its ATH in mid-May, with the price soaring above $0.60. 

Even the expert Cephii has identified about a dozen key similarities between today’s market and what happened in 2021

“Last cycle, $doge recorded an increase of 1100% one week after the inauguration. Interesting. So far, the post-election trend is almost identical.”

With the latest bull run of November and December, which started right with Trump’s victory in the presidential elections, the price of DOGE reached a value of 0.46$. Now, in five days, there will be the inauguration of Donald Trump at the White House with his inauguration as the new President of the USA. 

Dogecoin and new ATH: higher expectations with Trump and Elon Musk

As anticipated, in 2021 the spark for the price surge of DOGE was the presidential inauguration, but what is about to happen this year could increase expectations. 

In fact, in addition to history repeating itself, Dogecoin could soon register new ATH both because the new President of the USA is favorable to crypto, and because Elon Musk’s term will also begin at the D.O.G.E.

As is now known, the richest man in the world, Musk, has repeatedly expressed his love for DOGE, and his actions or tweets often influence the price of the memecoin par excellence. 

In this regard, it is important to note that in the previous 2020 elections, Elon Musk had sided with Biden’s democrats, against Trump. After the Biden administration greatly disappointed him, over the last few years he changed his mind, deciding to support Trump. 

This means that as in 2021, behind the presidential inauguration there is support from Elon Musk. 

On the contrary, however, in this 2025 with Trump, Musk is not only a supporter but is actively involved in US politics, also becoming head of the Department of Government Efficiency. 

This difference could become crucial for the future price of DOGE and its new ATH expected by the crypto community. At the time of writing, the price of DOGE is $0.35 and has been fluctuating around this figure for the last 30 days.  

The bear score as an opportunity for traders

Recently, there has been talk about the crypto market sentiment, with analyst Santiment giving DOGE a score of 1 out of 5, classifying it as “bear”.

With this score, DOGE turned out to be the worst of the top 5 cryptos like Bitcoin, BNB, Ethereum, Ripple, and Solana. 

The same analyst then wanted to share the idea that the current silence and tranquility of DOGE on social media could actually turn out to be an opportunity for traders to accumulate the top memecoin.