DOGE Price Prediction: Dogecoin Breaks $0.21 as Trump-Backed Thumzup Invests $50M in DOGE Mining Rigs – $1 Next?

DOGE Price Prediction has taken center stage once again as Dogecoin surged past the $0.21 mark, fueled by news that Trump-backed Thumzup has invested $50 million into DOGE mining rigs.

The move has reignited speculation about Dogecoin’s long-term potential, with traders now debating whether the world’s most famous meme coin could realistically push toward the $1 milestone in the next leg of its rally.

On September 4, Thumzup Media Corporation, a Nasdaq-listed social media marketing company with backing from Donald Trump Jr., revealed plans for a $50 million shareholder capital raise.

Donald Trump Jr.-backed Thumzup Media Corporation said in a shareholder letter it has purchased $1M in Bitcoin and authorized additional investments in DOGE, LTC, SOL, XRP, ETH, and USDC. The company also signed a definitive agreement to acquire 2,500 DOGE miners, with plans to…

This funding includes a binding agreement to purchase 2,500 DOGE mining units, with potential expansion to 3,500 total rigs.

The company will acquire DogeHash Technologies, a specialized Dogecoin mining operation, to enter “large-scale cryptocurrency mining and strategic blockchain investments.”

Trump-linked Thumzup is acquiring Dogehash, a Dogecoin mining operation, with plans to list as Dogehash Technologies Holdings.#Thumzup #Dogecoin https://t.co/qfqYdP8aOt

At current Dogecoin valuations, the complete 3,500-rig operation could yield annual revenues between $22 million and $103 million.

The company anticipates this mining acquisition will position it among North America’s leading publicly traded Dogecoin miners, a development analysts interpret as a positive catalyst for DOGE’s potential rally toward $1.

Crypto researcher SeniorDeFi pointed to a DOGE chart revealing a symmetric triangle breakout formation, with technical targets suggesting a 72% price increase toward $0.37 in the near term.

The analyst maintains a long-term bullish outlook, projecting DOGE’s eventual climb to $1.

Bloomberg ETF analyst Eric Balchunas has amplified expectations for a significant Dogecoin rally by suggesting that a Dogecoin exchange-traded fund could launch in US markets within the week.

Beyond REX Shares’ filing, 21Shares has submitted a formal Dogecoin ETF proposal, joining similar applications from Bitwise and Grayscale, all pending SEC review.

Additionally, House of Doge recently partnered with NYSE-listed CleanCore Solutions to establish the first “official” Dogecoin digital asset treasury, with Elon Musk’s personal attorney Alex Spiro serving as chairman.

DOGE HITS WALL STREET : 80+ investors back a $175M $DOGE treasury led by Elon’s lawyer Alex Spiro (@QuinnEmanuel) as chair.

Co-founded by @houseofdoge & Dogecoin Foundation, it’s the biggest DOGE treasury ever backed by Pantera, GSR, FalconX and more. pic.twitter.com/ZD8EpvZ1pD

This partnership agreement secures commitments from over 80 institutions, including Pantera Capital, totaling $175 million through warrant agreements to build Dogecoin treasury reserves.

All of these developments create a compelling case for Dogecoin to reach $1, which is approximately 400% above its current levels.

Since Bitcoin received ETF approval in January 2024, it has added over $1.2 trillion to its market capitalization.

Dogecoin requires only an additional $90 billion in market cap to achieve the $1 price milestone.

The Dogecoin weekly chart reveals a recurring accumulation and breakout pattern that has emerged multiple times since 2021.

Each consolidation phase within descending or symmetrical wedges has preceded sharp rallies of 179%, 264%, and 351% respectively, before encountering resistance at the long-term descending trendline.

Currently, Dogecoin is consolidating within a narrow wedge below $0.22, with price action approaching the breakout zone.

If historical patterns repeat, a breakout could trigger another substantial move, potentially retesting the upper boundary around $0.35–$0.40.

However, failure to break above the current resistance would expose DOGE to potential retracement toward the broader support channel near $0.10–$0.15.

While Dogecoin prepares for potential new highs, presale projects with meme coin characteristics like Maxi Doge (MAXI) are attracting investor attention.

Despite drawing inspiration from Dogecoin, supporters believe Maxi Doge could replicate the success of Dogecoin (DOGE) and Shiba Inu (SHIB), while incorporating features tailored to current crypto market preferences.

The ongoing presale has raised over $1.86 million to date.

Each MAXI token currently trades at $0.0002555, with prices scheduled to increase in the next 2 hours.

Interested investors should visit the Maxi Doge presale website before the current round concludes.

MAXI presale participants can also earn a 168% APY through staking mechanisms.

The post DOGE Price Prediction: Dogecoin Breaks $0.21 as Trump-Backed Thumzup Invests $50M in DOGE Mining Rigs – $1 Next? appeared first on Cryptonews.