Elon Musk's Dogecoin lawsuit win sparks renewed endorsements, fueling speculation that DOGE price could surge to $0.1 amid increased investor interest and market excitement.
Meanwhile, this isn’t his first show of support for the meme coin. Earlier this year, he voiced his enthusiasm for the dog-themed meme coin at an event in Tesla’s Giga Berlin facility, affirming his belief in the cryptocurrency’s potential. His endorsements have consistently influenced the crypto’s market movements, and this latest series of comments add fuel to ongoing speculation.
Further demonstrating his support, Musk engaged in another conversation about DOGE’s potential to address financial restrictions. When a X user suggested that the meme coin could fix systemic financial issues, Musk replied, “Hmm … you make a good point” further bolstering investor confidence in the crypto.
Amid this, DOGE price soared nearly 4% to $0.09493, with its trading volume declining 19% to $546.11 million. Simultaneously, DOGE Options Open Interest soared 96% to $138.36K, CoinGlass data showed. On the other hand, a recent Dogecoin price analysis suggested that the meme coin could rally to $0.15 with a robust rally in a bull run.
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