Can DOGE Hit $1 This Week? Dogecoin Price Surges by 7% to $0.082 as Predictions Soar.
Elon Musk has requested a US judge to dismiss a $258 billion lawsuit that accuses him of promoting Dogecoin as a pyramid scheme. The lawsuit, which was filed in New York, alleges that Musk falsely claimed the cryptocurrency was a valid investment despite lacking intrinsic value. Musk’s lawyers have dismissed the case as baseless, arguing that his tweets about Dogecoin were too vague to constitute fraud. The impact of the dismissal on Dogecoin’s price is uncertain, as it depends on factors such as market sentiment, investor reactions, and the outcome of the legal proceedings. In the short term, the news might cause price volatility, while the long-term effect will likely be influenced by the case’s resolution and any potential consequences for Musk or the involved companies. As of now, Dogecoin’s price has risen over 7.50% in the past 24 hours and is expected to break out from an ascending triangle pattern towards the $0.0850 level.
In other news, Love Hate Inu has introduced a vote-to-earn platform, allowing users to earn ongoing income over time. The V2E project leverages the popularity of previous meme coins such as Tamadoge and Shiba Inu, while providing a practical application for its voting system. The platform’s token, $LHINU, is currently valued at $0.000095 and is expected to rise to $0.000105 in seven days. The crypto voting platform has raised more than $2.40 million as it approaches the conclusion of Stage 3 in its eight-stage presale.