The price of this altcoin bought by the Turks has risen in the last 24 hours. In terms of market cap, Polygon and Binance outperformed USD. As Kriptokoin.com, we have compiled for you the rally forecast given by the analyst for this altcoin bought by the Turks.
They are waiting for a rally for this altcoin
Just before the tech giant’s investor day, Dogecoin (DOGE) proved to be one of the highlights of the day. The meme coin was able to successfully convert Polygon and Binance USD in terms of market cap. Now, it aims to surpass Cardano (ADA) because many believe Tesla’s Investor Day could push the Dogecoin price towards a bull run.
Dogecoin price analysis
Dogecoin (DOGE), like the rest of the crypto market, got off to a slow start to 2023. His social sensitivity has been on an unstable path for the past few months. However, the meme coin last saw a really good boost in October 2022, when Tesla CEO Elon Musk completed his takeover of the social media platform Twitter.
Speaking of the social media platform, a crypto phenomenon on Twitter named Betterthanbing shared some Dogecoin price charts last Monday. That said, he believes DOGE has a strong use case and Tesla could witness a big spike ahead of the investor day. Additionally, Betterthanbing said in a statement:
“Call me crazy, but March 1 looks like a great day for DOGE. As a catalyst for this year, Tesla has Investor Day! See attached charts for 2021 and 2022. Dogecoin is heading to the moon soon, thanks to Elonmusk and Tesla. Thank you for your help!”
Call me crazy, but March 1st Looks like a great day for #DOGE. We have Tesla's Investor Day as a catalyst for this year! Look at the charts attached for 2021 and 2022! #dogecoin is going to moon soon thanks to #elonmusk and #tesla @elonmusk Thanks for your help! pic.twitter.com/QP0ZaDM5wX
— tametheark (@Betterthanbing) February 27, 2023
With the continued support of Elon Musk and the interest of Whale, it is possible for the meme coin to reach new heights. However, only time will tell if DOGE’s current climb is sustainable.
On the way to surpass Cardano (ADA)
At the time of this writing, the DOGE price was instantly trading at $0.086. It has increased by 0.87% in the last 24 hours and by 17.74% in the last 30 days. It is also the eighth largest cryptocurrency by this metric, giving the coin a market cap of approximately $10.9 Billion, according to CoinMarketCap.
Cardano is the next coin that Dogecoin could try to sit down as the seventh largest coin. However, ADA’s market cap is $12,645,296,268, which is just $1.7 billion ahead of DOGE and has very close potential.
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