Boost

Dogecoin

Read

Elon Musk

<ul>
 <li>Elon Musk’s mention of accepting Dogecoin for Tesla purchases sparked a surge in DOGE price and trading.</li>
 <li>Analyst Andrew Kang predicts a 50% increase in Dogecoin’s market cap post-Musk’s remarks.</li>
 <li>Dogecoin’s market cap stands at $26.66 billion, with potential to reach $40 billion soon.</li>
</ul>
<p>In an unexpected twist, the value of Dogecoin (DOGE) has surged following remarks made by Elon Musk during the recent Tesla Giga Event in Berlin. The renowned billionaire <a href="https://twitter.com/dogeofficialceo/status/1768087572234793050?s=46&amp;t=EAqSmGRmSyqfXdRDkzt9vQ" rel="noopener noreferrer nofollow">hinted</a> at the possibility of integrating Dogecoin as a payment method for Tesla vehicles, causing ripples in the cryptocurrency market and driving DOGE to unprecedented levels.</p>
<p>Shortly after Musk’s comments, the price of Dogecoin soared by over 10%, reaching an impressive $0.186 per DOGE. This surge was accompanied by a significant increase in spot trading volume, surpassing $4 billion within just 24 hours. Additionally, derivatives trading involving DOGE experienced a substantial uptick, totaling $5.66 billion, as reported by CoinGlass data.</p>
<p>Market analysts, including Andrew Kang from Mechanism Capital, have emphasized the impact of Musk’s statements. Kang’s optimistic outlook suggests that Dogecoin could potentially regain a $40 billion market capitalization in the near future, signaling a resurgence in interest in meme-based cryptocurrencies.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The implications of this video cannot be understated<a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> back to $40b+ market cap by next week<br><br>Next giga rally in memecoins starts now <a href="https://t.co/j7ngHfTmr2" rel="noopener noreferrer nofollow">https://t.co/j7ngHfTmr2</a></p>— Andrew Kang (@Rewkang) <a href="https://twitter.com/Rewkang/status/1768145266786423271?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Currently, Dogecoin boasts a market capitalization of $26.66 billion. Should Kang’s forecasts prove accurate, this would represent a notable 50% increase from its current valuation. Elon Musk’s acknowledgment of Dogecoin’s potential use in Tesla transactions has revitalized interest among investors and enthusiasts. With Dogecoin once again in the spotlight, attention is focused on its future trajectory and the broader implications of its newfound prominence.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/seoul-prosecutors-issue-arrest-warrant-for-kang-jong-hyeon-report/" rel="noopener noreferrer nofollow">Seoul Prosecutors Issue Arrest Warrant for Kang Jong-hyeon: Report</a></li>
 <li><a href="https://cryptonewsland.com/musk-confirms-tesla-now-accepts-doge-for-its-merch/" rel="noopener noreferrer nofollow">Musk Confirms Tesla Now Accepts DOGE for Its Merch</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-rises-after-elon-musk-says-tesla-to-accept-btc-again/" rel="noopener noreferrer nofollow">Bitcoin Rises After Elon Musk Says Tesla To Accept BTC Again</a></li>
 <li><a href="https://cryptonewsland.com/dogefather-returns-elon-musk-reveals-reason-behind-dogecoin-doge-support/" rel="noopener noreferrer nofollow">Dogefather Returns: Elon Musk Reveals Reason Behind Dogecoin (DOGE) Support</a></li>
 <li><a href="https://cryptonewsland.com/elon-musk-mulls-over-selling-10-tesla-stocks-will-he-reinvest-into-crypto/" rel="noopener noreferrer nofollow">Elon Musk Mulls Over Selling 10% Tesla Stocks. Will He Reinvest Into Crypto?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/elon-musks-dogecoin-boost-sparks-price-surge-whats-next/" rel="noopener noreferrer nofollow">Elon Musk’s Dogecoin Boost Sparks Price Surge: What’s Next?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Elon Musk’s Dogecoin Boost Sparks Price Surge: What’s Next?

Crypto News Land

2024년 3월 14일에 게재된 다른 기사

Analyst Alerts Bitcoin Investors to Possible Short-Term Price Correction

Shiba Inu Beats Solana, Dogecoin with Record-Breaking $31B Weekly Volume

Solana: Whales handing off SOL holdings means this for price prediction

Life-Changing Returns: The BEFE Coin Investors Who Struck Gold with $100

Lif3 partners with BitGo to Enhance Blockchain Security for Institutional DeFi Assets

Analyst Who Called Shiba Inu (SHIB) And Dogecoin (DOGE) Growth Before Everyone Else Makes Similar...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!