DOGE To Hit 10 Cents? Crypto Analyst Predicts Dogecoin Rally On Musk's X App Payment Buzz, Says 'Coins Like FLOKI Will Follow'
Portfolio Pulse from Mehab Qureshi
Dogecoin (DOGE) experienced a surge of over 10% following buzz around a payment feature on Elon Musk's 'everything app' X. A verified account for X Payments has been created, fueling rumors that DOGE will be used as a universal payment method on the platform. Analyst Johnny predicts DOGE could reach $0.10, while Peppe has added DOGE to his portfolio due to these speculations. Interest in similar coins like FLOKI is also expected to rise, with FLOKI's market value increasing from $266 million to $300 million. Despite the excitement, Dogecoin's price fell 4%, with significant liquidations occurring.
January 22, 2024 | 12:07 pm
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POSITIVE IMPACT
Dogecoin's value increased over 10% amid rumors of being integrated into Elon Musk's X app as a payment method, with predictions of reaching $0.10. However, it later fell by 4%, with significant liquidations.
The short-term impact on DOGEUSD is likely positive due to the speculative nature of the news and the potential for increased adoption if the rumors are true. However, the recent price dip and liquidations indicate volatility, suggesting cautious optimism.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
FLOKI's market value increased following the Dogecoin rally, with analysts suggesting that coins like FLOKI will follow DOGE's trajectory if it becomes a payment method on X app.
FLOKIUSD is expected to have a positive short-term impact as it is seen as following Dogecoin's lead. The increase in market value and analyst endorsements contribute to this outlook, though the confidence is slightly lower due to its more speculative nature.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 80