Dogecoin Price Up 10%; Will X (Twitter) Hype Move Price Past $0.09? – Crypto News – Crypto News
Connect with us
Elon Musk Discloses Why Rebranding Twitter To X Is Crucial, No Impact Of Shiba Inu Dog Elon Musk Discloses Why Rebranding Twitter To X Is Crucial, No Impact Of Shiba Inu Dog

Business

Dogecoin Price Up 10%; Will X (Twitter) Hype Move Price Past $0.09? – Crypto News

Published

3 years ago

on

Dogecoin (DOGE) is on a bullish run as the price is currently up 10.2% at the time of writing to $0.08216, a trend that is notably helping to drive the prices of top assets in the broader market.

Bold Calls on Dogecoin Performance

The impressive performance of Dogecoin has pushed the memecoin up 19.99% over the trailing 7-day period. This performance becomes significant when compared with the related moves from top digital currencies like Bitcoin (BTC) which is down by 2.03% in the past week.

Top rival memecoins like Shiba Inu (SHIB) and PEPE are also trailing behind Dogecoin in what comes as a defined outpacing. While SHIB is up by 2.19% in the past week, PEPE is notably changing hands at a deep negative discount of 13.97%.

Dogecoin has been on the radar of many traders and top analysts on Twitter. One of these analysts CrediBULL Crypto is projecting that the memecoin is bound to keep ‘moving forward’. His current projection was hinged on his previous calls in which he successfully predicted an upward push for the memecoin.

Betting on DOGE to grow is very risky, considering the amount of volatility it notably harbors. However, a look at its fundamentals and current target market shows it has a lot of basis to hit an upward price level in the near term.

The X (Twitter) Sentiment

According to the current speculations growing around the newly rebranded social media platform X, Dogecoin is likely to play a significant role in its future transformation. As the everything app is now themed, X is adequately positioned to support digital payments, notably incorporating cryptocurrencies with Dogecoin as the reference point,

While the timeline for this payment implementation remains unknown, investors in the crypto ecosystem are already pricing in a potential surge in demand that will be generated by such a move from Elon Musk and X. Dogecoin is already tagged as the favorite of the billionaire investor, any push to integrate it as the leading native token of the X app could stir one of the most profound growth surges in its history.

Should the current buying momentum be sustained, we can see the price of DOGE retest the resistance point at $0.09 in the near term.

Benjamin Godfrey is a blockchain enthusiast and journalist who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, LinkedIn

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending