Dogecoin (DOGE) Price Prediction 2025-2030: DOGE investors still pinning hopes on Musk?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Tech billionaire Elon Musk mentioned a “fee for visiting Twitter headquarters,” which should be paid in DOGE, in a tweet . The Twitter boss was responding to user DogeDesigner (@cb_doge), who wanted to visit the head office of this social media platform.
At the same time, the price of the largest meme token by market cap began rising, possibly as a result of Elon Musk giving it a mention. After this tweet, DOGE’s price rose over 4% to reach $0.0785. At the time of this writing, Dogecoin has dropped slightly, trading at $0.0769.
The crypto industry witnessed around $307 million in liquidations on 9 March within a day of the collapse of the crypto-friendly bank Silvergate Capital (SI). Dogecoin was among the coins, leading the price decline as it fell from $0.0715 to $0.0632. But its performance has recovered with time.
Previously, the whole FTX debacle had also been particularly bad for DOGE, as its price had reached around $0.15, the lowest since the first crypto crash in May 2022 following the Terra stablecoin debacle.
What started as a parody of mainstream cryptocurrency culture quickly gained currency among enthusiasts who had not taken the whole affair very seriously. Dogecoin is now as well-known as Bitcoin (BTC), even among the uninformed. As a result of meme culture, Dogecoin and other meme coins have become immensely powerful.
Read Price Prediction for Dogecoin [DOGE] for 2023-24
In fact, for the greater part of 2022, DOGE/USD performed poorly except for when Elon Musk acquired Twitter. The acquisition raised hopes in the Dogecoin community
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