Elon Musk and Vivek Ramaswamy are set to meet with Republican House and Senate members next week. According to information released by House Speaker Mike Johnson, the Government Efficiency Department (DOGE) will present significant reform proposals regarding government regulations and agencies. There are expectations that the Dogecoin 
$0.422934 price will surpass the $1 mark, potentially leading to a substantial rise.
DOGE Leaders in Congress
House Speaker Mike Johnson confirmed that Musk and Ramaswamy will meet with Republican House and Senate members on December 5th. The Republican Party holds the majority in both chambers of the U.S. Congress. Support for Donald Trump and his candidates from the crypto industry has contributed to the Bitcoin 
$96,304 price aiming for the $100K target and Dogecoin reaching a three-year high.
Dogecoin Price Predictions
Dogecoin has experienced a significant increase due to the promised government changes and crypto-friendly regulations from Trump and Musk leading up to the elections. The price of DOGE rose by 6% in the last 24 hours, currently trading at $0.42, with a low of $0.400 and a high of $0.437 during this period. Additionally, trading volume surged by over 80% in the last 24 hours.
In the derivatives market, the total open positions of Dogecoin futures increased by 6% in four hours and by 15% within 24 hours. The open position of 8.85 billion DOGE futures is currently valued at $3.80 billion, indicating support for further upward movement.
An analyst from Bluntz Capital predicts that Dogecoin’s price could rise by 420%, reaching $2.2. Furthermore, they noted that the DOGE/BTC pair chart is targeting a significant increase, suggesting that the $1 level could be achieved soon.
Rekt Capital observed that Dogecoin’s price has formed an ‘ascending triangle’ pattern on the daily chart. This pattern indicates that the meme coin could receive another inflow of funds. They stated that a close above $0.43 for DOGE would confirm its exit towards $1 and added that the formation of a ‘golden cross’ on the four-hour chart could trigger a rise to $2.
