Tuesday, February 18, 2025
More
    HomeFinanceDogecoin (DOGE) Aims for $0.43 as Elon Musk Unveils Blockchain Strategy

    Dogecoin (DOGE) Aims for $0.43 as Elon Musk Unveils Blockchain Strategy

    Related stories

    Former SEC Official Predicts Ripple Lawsuit to Follow Binance and Coinbase Cases Suspension

    The post Binance and Coinbase Cases Paused, Ex-SEC Official Says ‘Ripple Lawsuit Next’ appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) is facing a shift in its enforcement of cryptocurrency regulations. Recently, both Coinbase and Binance had their legal battles with the SEC temporarily paused. With Ripple possibly following suit, many are questioning whether the SEC’s crypto-enforcement program is coming to an end. Former SEC chief John Reed Stark …

    MLC election: Sridhar Babu campaigns for Congress candidate Narendra Reddy

    Congress Government is a Role Model, Says Minister Sridhar...

    Bandi claims Congress government could collapse soon

    Bandi Sanjay Criticizes Congress Government, Urges People to Overthrow...

    Ponguleti praises Sant Sevalal’s legacy

    Khammam: Revenue, Housing, and Information Minister Ponguleti Srinivas Reddy...

    Dogecoin (DOGE) is currently experiencing a bullish sentiment and is expected to have a significant increase in value. This is due to the formation of a bullish price pattern and Elon Musk’s recent interest in improving the efficiency of the Department of Government Efficiency (DOGE). These factors are changing the market sentiment towards DOGE.

    Elon Musk, the billionaire founder of SpaceX and Tesla, has revealed that he is exploring the use of blockchain technology to make the DOGE department more efficient and to track government performance. This has caught the attention of crypto experts and analysts. Charles Hoskinson, the founder of Cardano blockchain, has even offered to help Musk for free.

    This post by Hoskinson has gained widespread attention from crypto experts and suggests that this move could benefit the overall cryptocurrency market in the long run.

    - Advertisement -

    Despite these positive developments, DOGE is currently trading at around $0.354 and has only seen a 1.35% increase in the past 24 hours. The trading volume has also dropped by 30%, indicating lower participation from traders and investors compared to the previous day.

    - Advertisement -
    Also read:  Shiba Inu (SHIB) Expected to Experience an 18% Rally; Here's Why

    According to technical analysis, DOGE appears to be in a bullish position. It is currently at a crucial support level provided by a trendline and is poised for a breakout on the four-hour time frame. In the past, DOGE has found support from this trendline multiple times, resulting in significant upward momentum.

    Based on historical price momentum, experts are expecting a similar increase in value. If DOGE breaks the trendline and closes a four-hour candle above the $0.365 level, there is a strong possibility that it could increase by 20% and reach the $0.43 level in the future.

    Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here