Tesla Inc. CEO Elon Musk has been a fan of DOGE for some time. He first began discussing the project in 2019, when he posted on social media "Dogecoin might be my fav cryptocurrency. It's pretty cool."
While this post did not have much impact on DOGE at the time, Musk continued posting about the token. He posted a meme about DOGE adoption in July 2020 that was captioned "It's inevitable."  After multiple years of posting, the token took off in 2021, reaching an all-time high of nearly $0.74.
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If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today.Bitcoin has jumped nearly 50% already this year – how much would you need to get started today?
It's clear that Musk's opinion on the memecoin is valued in the crypto community, and the price of DOGE reacts to his comments.
So, it's no surprise that Musk's latest comments on DOGE made waves in terms of the token's price. Musk was in Germany this week, speaking at Tesla's gigafactory in Berlin, which recently reopened following an arson attack.
During a Q&A, Musk was asked, "When will I be able to buy a Tesla with Dogecoin?" He replied, "At some point, I think we should enable that."
Musk also detailed some of the reasons behind his endorsement of DOGE. "The reason I ended up sort of endorsing Dogecoin is that when I was walking around the factory at Tesla, some people asked me to support Doge. Then, at SpaceX, some regular guys said, ‘Can you support Doge?’ and I was like, ‘Doge is the people’s crypto, so I will support it.'"
Musk also noted that you can buy Tesla merchandise with DOGE, so it has some systems in place to facilitate DOGE transactions.
Another important note is that Tesla accepted Bitcoin for purchases of Tesla cars for a short time in 2021. However, the program ended quickly, with Musk citing environmental concerns as the reason to stop accepting Bitcoin. This is important because DOGE is a fork of Bitcoin, meaning it uses the same method of consensus (proof of work) that Bitcoin uses, thereby posing the same environmental risks that Musk mentioned in 2021.
This means that electricity use could be a roadblock for DOGE in terms of the ability to use it to buy a Tesla car.
Despite this, Musk's word should be taken at face value. DOGE reacted strongly, going from a low of $0.165 on the morning of March 14 to a high of $0.191, resulting in a gain of over 15%. The token sold off into the afternoon, but the sentiment is still largely bullish. Will dogecoin go up if Tesla were to begin accepting DOGE? Let’s say a $1 price target would not be out of the question.

Cryptocurrencies stabilized a bit on Wednesday after slipping in the past two consecutive days. Dogecoin price rose slightly as traders anticipated Elon Musk’s DOGE success. One analyst predicted that the dog-themed coin would jump to $4.20 in the ongoing crypto bull run.
Analyst Predicts Dogecoin Price Could Hit $4.20
Dogecoin price has been in a strong uptrend in the past few weeks as it jumped by almost 500% between August 5 and November 23. This rally coincided with the broader uptrend in the crypto industry after Donald Trump won the election and appointed Elon Musk to lead the Department of Government Efficiency (DOGE).
In an X post, CEO, a popular crypto investor with over 511,000 followers, predicted that the DOGE price would jump to $4.20 in the ongoing cycle. If that was to happen, it would mean that the coin will rise by 976% from the current level. Such a move is possible in the crypto industry since DOGE has already risen by 160% in the past few days. If it happened, DOGE’s market cap would jump from the current $57 billion to over $613 billion. 
For this to happen, cryptocurrencies need to be in a strong bull run, which would attract a sense of greed in the market. Also, Bitcoin, the biggest cryptocurrency in the market would need to continue its uptrend. In most periods, altcoins like Dogecoin thrive when Bitcoin is in a strong rally. 
Other cryptocurrencies are highly bullish on the Dogecoin price. In a post, The Cryptomist noted that the coin was forming a falling wedge pattern. This pattern forms when an asset forms two descending and converging trendlines. It usually leads to a strong breakout when the wedge is about to converge.
While talk of DOGE price surging to $4.2 is good, the most realistic situation is to first target the psychological point at $1. 
The weekly chart shows that the value of DOGE has been in a long bullish trend as it jumped for six consecutive weeks. In most cases, assets tend to take a breather after such a long bull run. 
It remains above the important resistance level at $0.2278, its highest point in March this year. Moving above that point invalidated a double-top pattern whose neckline was at $0.0836. The coin remains significantly higher than the 50-week and 200-week moving averages.

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Bitcoin holds ground after bulls protect $90,000
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin BTC96,223 price volatility cooling after experiencing rapid gains on Nov. 27, ending in a close just below $96,000 on Bitstamp.
BTC/USD refused to cave to selling pressure, leaving $90,000 unviolated and instead respecting a new support level forming over the past two weeks.
“Fantastic retest of $91,000 as support,” trader and analyst Rekt Capital said, striking a positive tone on the latest market moves on X.
“Now all about breaking the trendline (blue) to get back to $100,000.”



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Investing.com-- Bitcoin rose on Friday and remained in sight of recent record highs as expectations of friendly policy under President-elect Donald Trump kept cryptocurrency  prices underpinned. 
The world’s largest crypto was hit with some profit-taking in the past week after failing to reach the coveted $100,000 level. But losses in Bitcoin were also limited by optimism over Trump’s picks for key regulatory roles, which portend less scrutiny against the industry. 
Bitcoin rose 0.9% to $96,338.6 by 00:55 ET (05:55 GMT), remaining close to a record high of over $99,000 hit earlier in November. The crypto was also sitting on strong gains through November, having rallied nearly 40% since Trump’s victory. 
Trump hype puts Bitcoin on course for stellar November 
Bitcoin was set for its best month since February following Trump’s victory. The President-elect had vowed to make America the crypto capital of the world, and had also floated the prospect of a Bitcoin strategic reserve. 
Expectations of friendly regulation were furthered by Trump’s picks for Treasury Secretary and Secretary of Commerce, given that both Scott Bessent and Howard Lutnick have voiced support for digital markets. 
Trump was seen considering Paul Atkins to lead the Securities and Exchange Commission. Atkins is a former SEC Commissioner who has openly presented a pro-crypto stance. He will also potentially replace current Chair Gary Gensler, who said he will resign in January as Trump takes office. 
Gensler’s resignation also provided support to crypto markets, given that he led a sweeping crackdown against the industry over the past two years. 
Additionally, reports said Trump could potentially shift regulatory oversight of crypto to the Commodity Futures Trading Commission from the SEC. 
The CFTC- which handles commodity trading and derivatives, is expected to hold a less strict watch over crypto than the SEC. 
Crypto price today: altcoins upbeat, set for strong Nov
Broader crypto prices were mostly positive on Friday, and were set for stellar gains in November on Trump’s election win.
World no.2 token Ether fell 0.7% to $3,569.0, but was sitting on a nearly 42% gain this month. 
XRP was by far the best-performing major altcoin in November, up more than 200% on the prospect of leadership change at the SEC. The agency has a long-running lawsuit against XRP issuer Ripple. 
Cardano was also trading up over 200% in November, while Solana and Polygon were up 40% and 77%, respectively. 
Among meme tokens, Dogecoin was trading up 150% for November.
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