Dogecoin Price Prediction: $0.10 Reached; $1 Possible if Elon Musk Acquires Twitter

Dogecoin has seen significant growth over the past week. The world’s leading memecoin has grown parabolically after accumulating around $0.059 and now he is peaking above $0.10. It briefly crossed $0.11. While the current valuation is nowhere near his all-time high of $0.65, Elon Musk’s acquisition of his Twitter is starting to give people hope.

Is $1 in Dogecoin possible now that Elon Musk owns Twitter? Check out this Dogecoin price prediction for the answer.

Elon Musk owns Twitter

The Twitter ecosystem, especially the crypto space, had reason to celebrate yesterday after Elon Musk’s long-awaited acquisition of Twitter. More than six months into the deal, Twitter’s past ownership was riddled with competition, user account bans, and name-staining bots.

The next day, when Elon Musk finally closed the deal and walked into Twitter HQ with his kitchen sink, the crowd ‘understood’ that Tesla owners now control Twitter. I waited for a while.

“This is the return of free speech on the platform,” many said.

But the most celebratory crowd was crypto Twitter.Celebrate Elon Musk as a champion forever dogecoin, These traders have flocked behind memecoin, which has surged 20% in the last 20 hours, approaching the coveted $1. But is it possible?

Dogecoin drawing green candles one after another

The speculation in the cryptocurrency industry that Elon Musk will buy Dogecoin has been going on for the past few days. For many, it was only yesterday that it was revealed that Elon had acquired his Twitter, but the crypto space, as usual, expected this crypto asset from the beginning and became overly bullish. I was.

As a result, Dogecoin’s price action has been painted with a green candle for the past three days. Will it last? Experts do not believe it. Dogecoin has a history of tremendous growth followed by huge retracements. And with the increasing bullish pattern that Dogecoin is creating, this run may end soon.

However, Dogecoin is one of the most speculative assets in the crypto space. So it could pull “LUNC”. This is the price action of the Luna Classic, which ignored all market fundamentals and a few months ago he grew to ATH (all-time high) levels.

Dogecoin is trading well above the moving averages and the RSI is well above the oversold zone, confirming that a significant price drop could be coming soon.

However, Elon Musk has yet to mention Dogecoin in a recent tweet. Perhaps his good words will prove us wrong and bring Dogecoin closer to all-time highs.

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