Dogecoin’s price held steady on Monday, outperforming other large-cap coins as traders focused on Tuesday’s U.S. presidential election.

Dogecoin (DOGE), the largest meme coin in the industry, rose to $0.1570, marking a 10% increase from its lowest level on Sunday.

Some analysts believe the coin has more upside potential, citing strong technical indicators and the possible victory of Donald Trump. In an X post, AMCrypto, a popular analyst on X with 12,000 followers, predicted that DOGE could reach $1 in this bull market, implying a 540% increase from the current level.