Dogecoin Price Prediction as DOGE Shoots Up 13% - Can it Reach $1 by 2023?
Dogecoin price prediction is positive, as it has risen above $0.0870 and is now trading at $0.0910. Dogecoin, on the other hand, is struggling below the $0.0965 resistance level, which is extended by a 38.2% Fibonacci retracement level and a double top resistance level.
Let's take a closer look at the market's fundamentals and technicals for Dogecoin.
On November 26, Elon Musk responded to a tweet from podcaster Liz Wheeler, who was concerned that Twitter would be barred from the stores where the two manufacturers of smartphone operating systems sell apps using iOS and Android software under Elon's new policy.
In a tweet, Musk expressed his concern that it does not happen. If he is wrong, he has promised to build his own phone.
A new operating system and an online application store may also be included.
DOGE/USD has risen dramatically since Elon Musk, Twitter's newly appointed CEO, announced that if the company encounters difficulties in the major mobile app stores, he will release his smartphone.
Dogecoin (DOGE) continues to take center stage as Elon Musk, also known as "The Dogefather," transforms Twitter. Since Musk acquired Twitter on October 27, 2022, the market value of the top dog memecoin has more than doubled, rising from $10.6 billion to a whopping $21.77 billion on November 1, 2022.
Furthermore, with 396 million users worldwide, DOGE is the second-largest Proof-Of-Work (PoW) cryptocurrency after Bitcoin. Musk has praised Dogecoin as the "people's cryptocurrency" and even joked that Dogecoin could be used to pay for his online polls. In this scenario, Twitter users will be able to reward creators with popular cryptocurrencies such as Dogecoin DOGE.
Musk confirmed it on Twitter Spaces, adding "Dogecoin to the moon!"
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