Dogecoin (DOGE): Elon Musk Could Lead 50% Surge
Though the meme coin mainstay has skilled a little bit of a correction over the past day, Dogecoin (DOGE) noticed a large surge after Elon Musk made latest feedback relating to a Tesla integration. Certainly, the asset rallied 15% on Thursday earlier than sliding again only a day later.
The constructive momentum might not have had sustaining qualities, nevertheless it did reinforce the impact that Musk nonetheless has on the asset. Furthermore, the latest protection of Musk’s statements on the meme coin might set the stage for a 50% surge for DOGE and a breakout to $0.25.
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All through the historical past of Dogecoin, its reference to Tesla CEO Elon Musk has been simple. A few of the asset’s most spectacular performances have come alongside its connection to the SpaceX head. That would as soon as once more show to be true with latest feedback made by the Dogefather.
Talking at a Tesla manufacturing unit in Germany, Elon Musk talked about Dogecoin (DOGE) but once more. Particularly, Musk was requested when clients would have the ability to purchase a Tesla with the digital asset. In response, the CEO stated, “In some unspecified time in the future, I feel we must always allow that.”
![Dogecoin: How High Can DOGE Go After X Payment Integration?](https://watcher.guru/news/wp-content/uploads/2024/01/55545499-1024x585.jpg)
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The feedback led to an enormous 15% surge on Thursday, with a correction happening a day later. Though the asset is down greater than 12% in the present day, in keeping with CoinMarketCap, the Musk assertion might have set the stage for a 50% rally.
If the asset can regain the $0.15 help degree within the quick time period, it could possibly be going through a large enhance in worth. Particularly, DOGE is buying and selling above the 20-day SMA value level. If the media protection round these feedback continues, the asset could possibly be poised to interrupt out above $0.25.
Nonetheless, if DOGE can’t keep the help degree, it could face main sell-offs. Conversely, Elon Musk’s impression is simple, and these sorts of feedback and developments will all the time positively impression the worth. If Tesla have been to start accepting Dogecoin, the asset would undoubtedly skyrocket in worth.