DOGE To 40 Cents Is 'One Of The Safest Trades,' 'Takes 1 Elon Tweet To Blow It Up,' Touts Trader
Portfolio Pulse from Ivan Crnogatić
Cryptocurrency trader Altcoin Sherpa has touted Dogecoin (DOGE) as one of the safest bets for traders, predicting it could reach $0.40 due to retail interest, potential tweets from Elon Musk, and its liquidity. Despite recent muted performance, there is growing bullish sentiment around Dogecoin.
May 30, 2024 | 4:19 pm
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Altcoin Sherpa predicts Dogecoin could reach $0.40 due to retail interest, potential tweets from Elon Musk, and its liquidity. Despite recent muted performance, there is growing bullish sentiment around Dogecoin.
The prediction is based on factors like retail interest, potential tweets from Elon Musk, and Dogecoin's liquidity. These factors have historically influenced Dogecoin's price, making the prediction plausible.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Shiba Inu (SHIB) has outperformed Dogecoin recently, with an 8% gain over the past seven days compared to Dogecoin's 1%.
While the article focuses on Dogecoin, it mentions Shiba Inu's recent performance, which could influence investor sentiment towards SHIB.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50