Musk Calls Out on Twitter: Dogecoin is Going to Explode, Claims to be the 'Father of Dogecoin'
Musk recently spoke on Twitter, stating that he wants to give the title of 'Father of Dogecoin' to Dogecoin, and mentioned that the next craze will push Dogecoin to new heights, so let's wait and see!
Dogecoin $DOGE has been extremely popular lately, increasing by 175% in just a month, and has already entered the top ten cryptocurrencies by market cap. An analyst predicts that Dogecoin is just getting started and will reach new highs in the future.
Ali Charts on Twitter mentioned that the market cap seems poised to break through the threshold of a bull market. If it does, Dogecoin could rise another 120% to $0.82, provided that the price level of $0.37 holds steady.
Binance exchange also stated that 73% of traders betting on Dogecoin are holding positions. It seems that everyone believes Dogecoin will rise, showing more confidence than those shorting it. The popularity of Dogecoin can largely be attributed to Tesla's CEO Musk, who has been consistently promoting Dogecoin.
Musk has once again referred to himself as the 'Father of Dogecoin' on Twitter. He had previously made this claim on Saturday Night Live, after which Dogecoin surged to its historical high of $0.73. However, there is still some distance to go before reaching that high!
Trump has also spoken out, saying that Republican politicians have always been focused on the goals of Dogecoin. Before the election, he mentioned that he would support cryptocurrencies, accept regulation, and allow the U.S. crypto industry to develop properly.
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