Dogecoin (DOGE), created in 2013 as a joke, surprised the market with a 350% increase in 2024.

After Donald Trump won the presidential election on November 5, the token surged. Investors link this to expectations of light cryptocurrency regulations under the new administration.

Elon Musk, a major supporter of Dogecoin, was appointed head of the new Department of Government Efficiency (DOGE), which further boosted the token’s growth.

However, Dogecoin has yet to reach its 2021 peak, while Bitcoin continues to set records, nearing the $100,000 mark.

Experts believe Dogecoin remains a speculative asset, while Bitcoin solidifies its position as digital gold and attracts institutional investors through ETFs.

According to Cathie Wood of Ark Investment, Bitcoin could reach $1.5 million per coin if it continues to secure its role as a key investment asset.

Analysts warn that Dogecoin might drop again, as it did after its 2021 peak, making Bitcoin a more favorable investment choice for 2025.