Elon Musk has been the unofficial Dogecoin head promoter for years, and it’s a role he has excelled at. Now, his own artificial intelligence model has made a bullish prediction about the price of Dogecoin that has investors rushing to invest. Elsewhere, Pepe and the new Ethereum-based project Yeti Ouro (YETIO) are catching investors’ eyes.
Elon Musk’s AI Says Dogecoin Will Spike
Dogecoin price since hitting a three-year high of $0.4735 in late November, Dogecoin has been trading in a tight range, with attempts to break out past this price level rebuffed, most recently on December 8th. DOGE price trades just above $0.4, a support level that is critical to its long-term momentum.
However, Grok, a large-language model AI chatbot developed by Elon Musk-owned xAI, predicts that purchasing DOGE at this price point could be a stroke of genius as the memecoin is going to set a new all-time high in the first quarter of 2025. Dogecoin’s all-time high stands at $0.750, which it hit in May 2021. Grok AI predicts that DOGE will exceed $1 early next year.
While Grok AI’s prediction is bullish, it’s nowhere near the most bullish DOGE prediction. Some have predicted that the memecoin will strike $5 next year, boosted by the ascension of Donald Trump to the highest office in the world in mid-January. Trump is the most bullish leader of a major economy and has surrounded himself with crypto enthusiasts.
Musk is among those expected to influence US policy to favor crypto, and Dogecoin would be the biggest gainer as he is a vocal supporter. This, in addition to the overall altcoin season that is expected to kick off in earnest at the start of 2025, all point to a surge in the price of DOGE.
For investors seeking even better gains, Pepe coin has become one of the most popular alternatives. The memecoin has been observed by analysts to always rise when Bitcoin surges and BTC price has set a new all-time high this week at $108,000. This points to a surge in the Pepe coin price in the near future.
As one analyst points out, if Pepe matches BTC’s rise, it will be $0.00005. This would be at least 120% higher than its current price.
