Dogecoin Price Analysis: Musk's DOGE Gains Retail Store Traction—$10 Possible?
DOGE, last slightly above its 50DMA at $0.1050, is falling.
It dropped more than 20% from last week's highs around $0.13 as the crypto market sold down on geopolitical risk-off movements.
Dogecoin may tumble to August lows of $0.08 if it goes below its 50DMA
Doge Price Analysis: Musk's DOGE Gains Retail Store Appeal
An Israeli counter-strike on Iran may start it.
However, investors may wish to buy Dogecoin during the price drop.
As meme coins become a payment method, the crypto's long-term fundamentals appear promising.
Dogecoin Adoption Rises
On Wednesday, Bloomberg reported that small merchants are taking DOGE payments more.
Williamsburg Pizza is leading the DOGE adoption, according to the report.
The restaurant chain's creator, Aaron McCann, created DogeExpress, a Dogecoin payment processor, and has onboarded several small shops.
BitPay, a renowned crypto payment processor, processes 6% DOGE transactions.
Not only tiny merchants support Dogecoin.
Big millionaires like Elon Musk and Mark Cuban promote Dogecoin.
Musk promotes DOGE since 2021.
Since 2021, Cuban has accepted DOGE payments for Dallas Mavericks items.
Is $10 Dogecoin Possible?
A new phase of monetary policy easing could support a robust crypto bull market until 2025, notwithstanding geopolitical uncertainties.
Bitcoin might top $100K
Dogecoin might reach $1.0 if it retakes its 2021 record highs at $0.74.
Doge Price Analysis: Musk's DOGE Gains Retail Store Appeal
That would be a huge accomplishment for Dogecoin, which was worth under $0.00010.
If Bitcoin reaches $2.5 trillion, Dogecoin's market valuation may reach $140 billion at $1.0.
Dogecoin might 10x reach $10 and earn $1.4 trillion.
Never say never in crypto. Bitcoin is anticipated to become the world's reserve asset, not a payments cryptocurrency.
That allows a coin to become the global decentralized payment currency.
Dogecoin might become a trillion-dollar currency if it becomes widely used.
