However, some developments can lead to the rise of the Doge price again in the coming period. Dogecoin, the largest breast coin in the crypto market, is traded at $ 0.2537 as of February 19 and is over $ 37 billion.

One of the most important factors that can carry Dogecoin up is the proposed Doge Dividend (Divident) plan. According to this plan, American taxpayers are recommended to give an incentive voucher of $ 5,000.

According to the proposal, the incentive will be met by savings provided by Elon Musk’s Government Productivity Department. This incentive may increase the interest in the Dogecoin ecosystem and encourage investors to buy Doge.

US Treasury Minister Scott Bessent claimed that Dge savings more than $ 50 billion to the government. However, Bloomberg claimed that this figure is actually around $ 16 billion. Elon Musk said that the total amount of savings can exceed $ 2 trillion over time.

An X user suggested the government to announce the Doge dividend and send a tax refund of $ 5,000 to all taxpayers. Elon Musk responded to this idea and said he would meet with Donald Trump.

However, it is necessary to make an important distinction here. There is no connection between Musk’s government productivity department and Dogecoin.

Although they have the same name, Musk’s Doge Project aims to reduce state waste, while Dogecoin is one of the oldest breast coins initiated in 2013. In the years 2020 and 2021, Elon Musk became one of the names that gave great support to Doge and played an important role in the rise of the price.

Theoretically, such an incentive can be a positive development for risky assets such as crypto currencies and technology shares. The flow of some of the distributed funds to these markets may have a similar effect on the pandema.

In 2020, the US government distributed incentive packages, crypto currencies and stocks caused great rise.

On the other hand, such incentive packages may increase inflation and cause the US Federal Reserve (FED) to maintain strict monetary policy. In 2022, with the Fed’s interest rate hikes, Dogecoin and many Altcoin had a great collapse. In case of a similar situation, the positive effect on the Doge price may remain limited.

Another factor that can carry the price of Dogecoin is the increasing probability of spot doge ETF. According to Polymarket data, the probability of Spot Doge ETF approval rose to 80 percent. The rise of prices for Bitcoin after the SPOT ETF approval constitutes the expectation that a similar scenario can be experienced for Dogge.

Dogecoin has also entered a rise stage in terms of technical analysis. According to Elliott Wave Theory, Doge is located in the fourth wave of the rise cycle and tested critical support at $ 0.2287.

In case of transition to the fifth wave, the price is expected to rise to $ 0.7477, ie an increase of 195 percent from the current level.

Dogecoin is a being known for its high volatility. It had an increase of 750 percent from the lowest level in 2023 to the summit in 2024. If Spot ETF approval income and factors such as Dogge dividend support the price, Dogge can start a strong rally in the coming process.

However, analysts also say that investors should be cautious. Breast coins such as Dogecoin are generally seen as speculative investment instruments and can experience large price fluctuations. For this reason, it is important that DEGE investors closely follow market movements.