Dogecoin (DOGE) price prediction has been on the rise as the number of users and the usefulness of the cryptocurrency increase. Influencers like Elon Musk, Billy Markus, and Vladimir Tenev have been discussing possible developments for the meme coin lately.
Dogecoin is preparing to climb to $0.20
As we have mentioned in the analysis of Kriptokoin.com, the price of Dogecoin continues to recover after the last bloodbath in the cryptocurrency market. As top 30 cryptocurrencies struggle to recover from recent losses, meme coins/tokens like Dogecoin and Shiba Inu and metaverse coins are making a comeback. In a recent meeting, Dogecoin co-founder Billy Markus and Tesla CEO Elon Musk and Robinhood CEO Vladimir Tenev discussed possible upgrades and the future of meme projects.
Robinhood CEO tells his followers that Dogecoin will be the future of the internet and people. He sent a tweet asking if he would have any money. He also states that he has considered the matter after the implementation of DOGE transactions at Robinhood, noting the average transaction costs and how the networks have evolved. When it comes to Point of Sales (PoS) transactions, Tenev thinks block time should be fast enough. Dogecoin adoption will increase as a result of this. Tenev quoted:
Doge currently has a one-minute block time. While this is acceptable for payments, a block time of 10 seconds is preferable as it is less than the average time it takes to complete a debit card transaction.
When Tenev voiced his concerns and advice, Markus wondered why the block time was one minute. He responded by explaining that there is a problem with the system and how it can be avoided to challenge the system. Musk thinks that the Dogecoin network should be more responsive while providing users with greater security.
DOGE price analysis
Analysts, Dogecoin price He evaluated the trend and predicts it will rise to $0.20 in the near future. According to FXStreet experts, the price of Dogecoin is locked between $0.13 and $0.15. However, breaking the $0.13 support level and forming higher (HL) and lower lows (LL) could trigger momentum beyond the resistance and towards the target price of $0.20.
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