Wild predictions continue to come for altcoin Dogecoin (DOGE), which stood out with its rise last week. Matt Wallace, a Dogecoin influencer, predicts DOGE will rise to $69. Here are the details…
High prediction from Dogecoin influencer
Wallace, an influential person in the Dogecoin ecosystem, predicts that DOGE will surpass the $69 price point. He shared this prediction in his tweet today. This tweet came two days after he and his wife ran a $69 DOGE raffle. It is worth noting that 69 is one of the most popular meme numbers and is relevant for the Dogecoin meme community. In August, DOGE co-founder Billy Markus said that Dogecoin failed to break out of the $0.069420 price point, either accidentally or intentionally.
Dogecoin TO $69!!!!!!!!!
— Matt Wallace (@MattWallace888) October 30, 2022
As a result, it’s unclear whether the influencer, known for making wild Dogecoin predictions, is serious. Wallace appears to have been deeply affected by the change in DOGE’s on-chain data. Yesterday he claimed that anything is possible due to the 5,000 percent jump in meme coin volume. Some members of the DOGE community appreciated Wallace’s tweets about the rise in DOGE. But some had a hard time taking the influencer seriously. Just two days ago, Wallace updated the DOGE price target to $7 for this latest pump.
He bet for 1 dollar
Wallace launched his YouTube channel called Final Stand in 2018. This channel was dedicated to Dogecoin. It has since amassed more than 243,000 followers. He was particularly notable for betting that the meme coin would surpass $1 by June 2022. But we all know what happened in June of 2022. After the collapse in the Terra ecosystem and macroeconomic developments, many cryptocurrencies took a hit alongside Bitcoin. Of course, DOGE was also seriously affected by this.
As we reported on Kriptokoin.com, the latest DOGE spike came with Elon Musk’s acquisition of Twitter. People in the ecosystem believed that the meme coin would be integrated into Twitter, leading to a spike in price. Some expect DOGE to be used as a payment method or tipping method on Twitter. The meme coin is up 107 percent in the last seven days. Twitter jumped from around $0.06 to $0.1231 in the days before the completion of the buyout deal.
Dogecoin also added about $7 billion to its market cap. As a result, it became the 8th largest cryptocurrency by market cap. Therefore, it surpassed Cardano and Solana in 8th and 9th places. DOGE is now in 8th place, while Cardano and Solana are in 9th and 10th place respectively. Meanwhile, various data show that 62 percent of DOGE owners are in profit.
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