Breaking News: Dogecoin Lawsuit Appeal Withdrawn, Elon Musk And Tesla In The Cle
Dogecoin (DOGE) Price Prediction: Future Looks Promising with a 100% Rally in Sight but Not as This Cheaper $0.07 DOGE Alternative Hits $2
The cryptocurrency market is now spinning energetically and two new tokens Dogecoin and Rexas Finance are receiving boosting attention from investors. Dogecoin which is one of the most well-known meme coins has recently seen an increase in its price after the massive involvement of well-known investors while Rexas Finance which is the new platform with real-world asset-backed tokenization is also having an extraordinary presale campaign.Both tokens have growth potential, with some forecasts proposing that owning these tokens could turn the initial investors into millionaires. However, Analysts have predicted Dogecoin could grow up to 100%, while Rexas Finance could reach up to 8,407%, as it becomes popular among investors.
Dogecoin’s Recent Rally Fueled by Whale Accumulation and Political Influence
Dogecoin has once again risen in popularity and recent statistics provide evidence pointing to large investors purchasing over 2.1 billion DOGE tokens within the past week. This level of whale activity, the highest in two months, usually indicates market bullishness. DOGE is currently priced at $0.2641, 78.3% up in the last 7 days, and peaked at a price that it was at in November 2021. However, Major traders are showing renewed interest in DOGE due to their cyclicality in the price movements which has been attributed by analysts to suggest that DOGE could be in a long-term bullish run. A major component of Dogecoin’s recent gains is attributed to celebrities and influencers. Tesla and SpaceX CEO Elon Musk has endorsed Dogecoin repeatedly in recent months, even using his presence on Twitter to improve its value. Furthermore, following the recent election of Donald Trump as US President, Dogecoin has brought a new variable to the development of the coin. A proposal made by Trump to create a new ministry of government efficiency (D.O.G.E.) for Musk to lead, has aroused interest among investors of Dogecoin. According to some analysts, the emergence of this department can trigger a sane hike in DOGE prices.
