The Dogecoin price has experienced a massive pump, rising by 25% to lead current market gains.Many crypto analysts view a potential Donald Trump win as an incredibly bullish outcome for the Dogecoin price.Trump has publicly endorsed a new proposal by Elon Musk to establish the Department of Governance Efficiency (D.O.G.E).Speculations suggest that if Musk successfully establishes D.O.G.E with Trump's support, Dogecoin could become one of the official cryptocurrencies.