Elon Musk Can Bring Dogecoin To $1 EASILY! (This Is WHEN) Dogecoin Prediction – Elon Musk Dogecoin

Hello and welcome back to Crypto Fox. Today, we'll take a look at how Elon Musk might be able to
bring Dogecoin up to one dollar easily and when that might happen. The meme inspired Tolkan rally. Thirty seven percent in twenty four hours to a record high
of eight point four cents at 10 20 am on Monday, according to data from corn market cap dotcom. As of twelve twenty five, Amet Dogecoin was up 18 percent
at a price of about eight cents. Dogecoin Stellar Run has boosted its market value to over
ten billion dollars, making it the number ten digital coin on coin market caps shrinking and its intraday peak Monday
trading volume on Dogecoin. It reached around sixteen point nine dollars billion in the
previous twenty four hours. Dogecoin was created in twenty thirteen and is based on the
then popular Doege meme that portrays a Shiba Inu dog alongside multicolored text and comic sans font.

The cryptocurrency was initially started as a joke but has
gained a following. Retail investors have pumped up Dosch coins priced
recently, taking their cue from Musk, the Tesla CEO is tweeted about Dogecoin several times over the years. More recently, he posted a picture of a fictional dog
magazine, a play on the fashion title Vogue, leading to an eight hundred percent surge in Dogecoin price. Musk subsequently threw his support behind Bitcoin, saying
it's on the verge of getting broad acceptance and finance.

In an SEC filing Monday, Tesla said it had bought one point
five billion dollars worth of Bitcoin and it will accept the cryptocurrency for payments of its products at some point. In his earlier statement of support for Bitcoin, Musk said
that he didn't have a strong opinion on other virtual currencies and that his tweets about dogecoin were meant as
a joke. But fate loves irony, Musk said recently on the social
audio app Clubhouse. The most entertaining outcome and the most ironic outcome
would be that Dogecoin becomes the currency of Earth and the future. Musk has made several recent tweets about Dogecoin.

Just two days after saying he planned to take a break from
Twitter for a while, Musk returned, posting Dogecoin Meems and calling the token the people's crypto. He's been joined by the likes of Snoop Dogg and Kiss singer
Gene Simmons and posting tweets backing Dogecoin. Snoop Dogg, whose real name is Calvin Cortazar, tweeted at
Musk with a parody of one of his albums. The words on the album cover are replaced with Snoop Dogg
while the DOJ image covers the rapper's face. Simmons, whose real name is Gene Klein, has actively
promoted Dogecoin to his followers, tweeting popular slang phrases and crypto like Hoddle and to the Moon.

The rocker said he made a six figure investment in Dogecoin
and owns other crypto currencies, including Bitcoin. This whole thing is reminiscent of the late twenty
seventeen crypto craze when Bitcoin's price skyrocketed to almost twenty thousand dollars before plummeting close to
three thousand the following year. Multiple celebrities had hyped crypto in twenty seventeen,
with some endorsing a controversial form of crowdfunding known as an initial coin offering those coins.

Resurgence in the last few weeks has also been down to
enthusiasm from a group called Satoshi Street Bets, like the Wall Street Bets Group that helped fuel the recent GameStop
rally, Satoshi Street Bets aims to pump up the price of crypto currencies. Nick Carter, a venture capitalist known
for his bullish stance on Bitcoin, thinks Musk's enthusiasm for the meme inspired digital coin is disconcerting, as
it's mainly used as a vehicle for speculation. Unfortunately, a lot of retail punters are going to lose
money on Dogecoin in the long term because there's really not much there in terms of interesting technology, Carter,
co-founder of Castle Island Ventures and data from COIN Metrics, told CNBC Street Signs Europe on Wednesday. The only thing it can really do is be zombified and stick
around in an empty shell for people's expectations and for their entertainment. Carter said Dogecoin was what
introduced him to crypto in 2013 and that while it was entertaining and fun at the time, it's now sort of an empty
husk. Based on the report from CNBC, Dotcom Dogecoin was briefly
the number 10 virtual currency by market value this week, according to current market cap data.

As tweets from Musk and music industry icons like Snoop Dogg
and Gene Simmons boosted its price to an all time high. As we said, it was created in 2013 by software engineers
Billy Marcus and Jackson Palmer, and it was intended to be used as a faster but fun alternative to Bitcoin. Carter wasn't the only Bitcoin enthusiast criticized Musk
for his comments about Dogecoin. Mike Novogratz, CEO of Galaxy Digital, said that he wished
Musk wouldn't have made such tweets.

Dogecoin reminds me a lot of GameStop, Novogratz told CNBC
Squawk Box on Monday, referring to the brick and mortar video game retailer that saw its shares fluctuate wildly
after members of a Reddit board piled into the heavily shorted stock. It's a meme, he said. It was funny for a little bit, but now it's at a market
valuation where people are going to lose lots of money and doge bitcoin has a real purpose. Ethereum has a real purpose. Lots of the stable coins have a real purpose, Novogratz
added. Doege is kind of a meme, kind of a joke.

The former hedge fund manager compared Musks comments on
Dogecoin to his infamous funding secure tweet in twenty eighteen, where he claimed he was considering taking Tesla
private at four hundred and twenty dollars. Musk agreed then to pay a fine and step down as Tesla's
chairman to settle with the US Securities and Exchange Commission over the matter. Carter said that though he
found the company's purchase of Bitcoin interesting is not advising the firms he's invested in to follow suit. I don't put my startups aside and Bitcoin and frankly, I
don't necessarily think that it's the most prudent approach for a CFO, he said. Let's look at the Dogecoin technical analysis throughout
the years. Twenty, thirteen to twenty twenty as reported by Coin Pig
Dogecoin made its debut in December 2013 at zero point zero zero zero six dollars, with a three point five million
market capitalization for a year. Dogecoin was on an upward trajectory and doubled
exponentially, but the year 2014 was not as good for dogecoin. New cryptocurrency has emerged on the market,
such as Neoh, Stellar and Monero and traders turned their attention to them. Doges price fell to zero point zero zero
zero one dollars in twenty fifteen.

Co-founder Jaxson Palmer quit the project unexpectedly. He explained that he preferred to concentrate on the
technical aspects of the block chain with the news. The World began to speak of Doges impending death, but this
didn't happen. Doege managed to trade at zero point zero zero zero
fourteen dollars by the end of December. Twenty fifteen. Dogecoin, however, did not really cross
that very low price range until twenty seventeen. Yet consumers purchase coins for personal payments and the
capitalization for the old coin rose steadily. Then the value of the coin increased dramatically to point
zero zero three dollars in the spring of twenty seventeen and further continued to vary. Surprisingly, though, search the zero point zero zero seven
dollars at the end of twenty seventeen. Many alt coins started decline in price.

Already at the beginning of twenty eighteen, several
Southeast Asian countries began tightening state regulations on the cryptocurrency sector. Dogecoin was no different, but it recovered quickly to hit
about one point seven cents and the price became steady later. The price declined to point two cents during April,
and it slightly recovered to point six cents by September. Those dropped again to point two cents to end the year
twenty eighteen. The old coin traded sideways in twenty nineteen for much of
the year. A little bit of a surge, a score to the market price up to
around point four cents around July, but later lost much of these returns. By the end of the third quarter, Dogecoin
was back, tethering at point three cents and late twenty nineteen. At the end of December. Twenty nineteen, Dogecoin was trading at point two cents. Dogecoin continue to trade at point two cents during the
start of January twenty twenty, with steady improvement, the price managed to reach point three cents by mid-February
and further decline to point one cents by the end of March. With certain price variations, Dogecoin hit point four
cents by July.

It started an upward trajectory as the expansion of
Bitcoin's price rally in November and carried on the trade at point three cents. Dogecoin end of the year twenty twenty eight point four
cents. In twenty twenty one, Dogecoin started on a bullish run. It's broken its previous price records by hitting an all
time high of seven cents. It might compete with other cryptocurrency is in twenty
twenty one. It might even go up in the ranking. Dogecoin might trade between two and four dollars
throughout the year and may touch five point two dollars by the end of twenty twenty one, according to Coin Peter Higgs
price prediction.

In twenty twenty two, Dogecoin might initiate the trade at
five point five dollars. If Doege manages to acquire the intention of marketers, the
price could reach up to eight dollars. Dogecoin may be traded between six and eight and a half
dollars until November and it might end the year twenty twenty two. With a trading price of twelve dollars and a
five year time frame, Dogecoin is likely to reach an eighteen dollar mark. It might reach twenty dollars. Also, if it doesn't come across any turbulence with certain
developments and collaborations with other projects and with the influence of experts, dogecoin might rise with certain
fluctuations. Doge might trade at twenty five dollars by the end of five
years. Let's now consider some dogecoin predictions from distinct
sources, which will give us a better idea. Zakharia, one of the eminent esteemed bloggers, claims that
a single dogecoin would be worth one dollar in a timeframe of five years was also added that one dollar or even ten
dollars a doge is reasonable in five years, with all other fiat currencies moving in and out of Dodge.

According to trading beasts, dogecoin price will rise in
the coming years. It may trade within the four to six cents range in the
year. Twenty twenty one and by twenty twenty three, Dogecoin
might establish five cents of the lowest and eight cents as the highest trading price. According to all that investor dogecoin is a good long term
investment. In subsequent years, Dogecoin will grow steadily within the
three to seven cents trading range, according to Coin Linko. Dogecoin will keep growing and may reach eight point nine
cents by twenty twenty five. Will doges price ever reach one dollar? Some analysts believe that Dogecoin is on a bull run and
could hit one dollar by the end of twenty twenty one.

Now that more people are seeing of the potential and the
currency, more will be inclined to purchase, which in turn means a possible run to one dollar. We hope you enjoyed this video. Please don't forget to give it a thumbs up, subscribe and
click that notification Bill. Would you like to know more about Dogecoin? Let us know in the comments below. See you next time. Bup bup, bup, bup, bup, bup, bup, bup, bup, bup, bup, bup,
bup..

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