DOGE Likely to Keep Expanding Toward $0.10, Prominent Analyst Says, Rising 15% Weekly

9 months ago 38

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Yuri Molchan

Renowned expert expects Dogecoin to proceed rising toward $0.1

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Amsterdam-based crypto trader and expert Michael van de Poppe has shared a Dogecoin chart, stating that helium expects the archetypal meme coin DOGE to proceed expanding toward the $0.10 level.

Currently, helium noted, DOGE remains wrong the "buy the dip" zones of the chart.

Over the past week, DOGE has shown a emergence of astir 15%.

— Michaël van de Poppe (@CryptoMichNL) July 27, 2023

Dogecoin is the largest meme cryptocurrency by marketplace capitalization worth and the precise archetypal 1 launched successful 2013 arsenic a Bitcoin joke. Its marketplace headdress presently stands astatine $11,131,157,169, according to CoinMarketCap's website. It is followed by SHIB canine token, with its $4,632,194,305 marketplace headdress figure.

Dogecoin is the favourite cryptocurrency of tech billionaire Elon Musk, who runs Tesla and owns SpaceX, Twitter and a fewer different smaller tech companies moving successful assorted spheres — from passageway gathering to the instauration and integration of encephalon chips.

It was Musk's emotion for memes and his attraction to DOGE (mentions successful aggregate hyped tweets) that allowed this meme coin to scope an all-time precocious of $0.7376 connected May 8 2 years ago. Now, Dogecoin is trading astatine $0.07931 — 89.24% beneath that historical peak.

In 2021, Musk tweeted that Doge is the "people’s currency," promised to "take literal Doge to the literal moon" (meaning a lunar ngo of SpaceX paid for successful Dogecoins), and helium jokingly called himself "The DogeFather."

Now, Elon Musk is rebranding Twitter into "X," and galore judge and hope, including planetary capitalist Raoul Pal, that Musk volition integrate crypto payments connected X to reward contented creators and volition usage DOGE for it.

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