Factors That Could Push Dogecoin Price to $1 in This Uptrend
After Donald Trump won the US presidential election, market sentiments have been rising, pushing DOGE price steadily higher, with the goal of surpassing the $0.4 resistance level.
A digital analyst has discussed several factors that could push DOGE price higher, potentially reaching the $1 level in a bull market.
A recent article discussing the possibility of DOGE price quickly reaching the $1 milestone has whetted appetite.
The report presents compelling factors that suggest DOGE price could surge to $1 under the influence of SpaceX and TSL CEO Elon Musk.
More clearly, Musk’s support for DOGE and his unwavering love for the meme coin could see the market cap of this coin steadily rise to $1,300 billion, equivalent to pumping the price to $1.
In addition, DOGE’s popularity in the financial space could also fuel a potential price surge.
Currently, DOGE is one of the most popular meme coins in the market, as this cryptocurrency is one of the biggest cryptocurrencies that have risen during this bull market period.
As more and more users and investors enter the DOGE ecosystem, the demand and adoption rate are expected to increase, which could lead to a significant price increase.
