Have you heard? The price of DOGE might soar to $2.4! This is all because Raoul Pal is bullish on Dogecoin, and Elon Musk is also trying to enhance DOGE's utility.
The price of DOGE has recently been eyeing a breakthrough, and those big shots also believe that Dogecoin is about to explode. Raoul Pal, the founder of Real Vision, mentioned in a post that Dogecoin may be on the verge of a major rebound. Coincidentally, good news also came from Musk's side, saying they are going to improve DOGE's efficiency.
On Friday, the price of DOGE started to rise, and investors' confidence in the meme coin is growing stronger. Pal, this big shot, also predicted that Dogecoin is going to make a big move together with SUI, a 'banana rotation.' He also reminded everyone not to go overboard and to protect their investments.
Speaking of Musk, he has been cheering for DOGE, frequently posting comments of support on social media. Now, he is also planning to improve the efficiency of a certain department with Vivek Ramaswamy, aiming to reduce government spending. Once this news broke, the price of DOGE soared again.
Now the price of DOGE is already $0.3941, with a daily trading volume nearing $8.6 billion. There are also reports that the open interest in Dogecoin futures has increased by nearly 9%, showing overwhelming market confidence!
Looking at the on-chain metrics, Dogecoin is set to lead along with other meme coins like SHIB. An analyst named Ali Martinez also stated that the price of Dogecoin is bound to rise, possibly reaching $2.4 in just a few days. He also mentioned that if it really hits $2.4, the next target would be $18, which sounds exciting!
If you always struggle to find the right timing and feel lost on how to operate, and want to catch up and learn, you need to meet one condition: you must be action-oriented, ready to act, like and comment, and I'll help you make big money!
