Dogecoin Price Prediction – DOGE May Be Under Elon Musk’s Spell and That Could Be Bad
Dogecoin price prediction has turned bearish after breaking below an immediate support level of $0.080. On Saturday, the DOGE/USD pair began the day at $0.08478 and reached a high of $0.08679 and a low of $0.08135. In a Tweet response on December 14, Tesla CEO Elon Musk hinted at a possible payment alternative that the Twitter site is considering.
The tech entrepreneur has hinted that he intends to challenge PayPal’s hegemony in the digital payment ecosystem. In terms of functionality, the billionaire is working on a payment system that will compete with PayPal.
phewww, much happened since 2018 :p
We are also building a solution though, where you connect Twitter with your Broker and trade based on a tweet that triggers your buy (example, when Elon Musk tweets “doge”, then buy doge).
Would appreciate your feedback for when we launch.
— Napcat ⬛ (@napcat_io) December 15, 2022
Users could send and receive money on social media, according to the new Twitter owner. However, because customers will need to transfer money to verified accounts, the new strategy will necessitate the use of traditional banks. In addition, as an incentive for making deposits with Twitter, the new system would offer customers a high-yield money market account.
Musk claims that the new blue tick subscription will benefit the creative ecosystem because the paid verification will demonstrate the growth of a payment system on Twitter. Because of the paid verification process, the billionaire stated that payments on Twitter will be secure and free of fraud.
Twitter’s Blue Tick Dilemma – How Twitter can quickly scale subscription revenue growth from paid subscribers.
With important secrets for any business can follow to launch a paid subscription offering.#subscription #membership #TwitterBlue #twitterbluetick @TwitterBlue pic.twitter.com/BMIJ1zkGU0
— Robert Skrob SubscriptionsMadeEasy.com (@RobertSkrob) December 14, 2022
As the cryptocurrency’s most prominent and outspoken supporter, Musk holds the key to Dogecoin’s recovery. Meanwhile, the recent decision to integrate payment methods within Twitter has given the Dogecoin community reason to be optimistic. Many people believe that Elon Musk’s new payment system will rely heavily on the digital meme currency Dogecoin.
— DogeCoin Ride (@DogecoinRide) December 16, 2022
Musk could pull another trick out of his sleeve and turn Dogecoin into the native token with a new payment system that competes with PayPal. It may also increase the value of the DOGE/USD.
Congressman Declares DOGE is $100 a Coin
On December 12, the Bahamas Police arrested Sam Bankman-Fried of FTX, the world’s second-largest cryptocurrency exchange. SBF is responsible for one of America’s largest-scale financial crimes. As SBF prepares to fight extradition, the US has filed criminal charges related to wire fraud, money laundering, and securities fraud conspiracy.
— World Finance News (@Worldfin_News) December 16, 2022
Members of the United States Congress are debating legislation to regulate and control cryptocurrency. Furthermore, Congressman Ed Perlmutter, the US representative for Colorado’s 7th congressional district, mentioned Dogecoin during the first congressional hearing on the FTX case, Investigating the Collapse of FTX, Part I. “I have ten Dogecoins (DOGE), okay?” he said. For the sake of argument, 10 Dogecoins were worth $10,000 a year ago, or $100 per coin.”
The comments entertained Crypto Twitter, but other investors interpreted them as a bullish sign. Indeed, Congressman Perlmutter’s words sparked a brief bull run for dog money, and the DOGE Army gathered material for more #DogeCoinToTheMoon memes.
$DOGE NEW ARTICLE : Dogecoin (DOGE) Pumps 3.3% After Congressman Declares DOGE is $100 a Coin https://t.co/FtLleegy8m Get all the latest $DOGE.X related news here : https://t.co/waZVKcQkbP pic.twitter.com/PUxuDRL9vb
— STCK.PRO (@StckPro) December 14, 2022
Despite the outspoken Congressman’s recognition, the DOGE/USD is still falling.
Dogecoin’s current price is $0.077399, with a 24-hour trading volume of $731 million. In the last 24 hours, Dogecoin has dropped 6%. CoinMarketCap now ranks #8 with a live market cap of $10 billion. The circulation supply is 132,670,764,300 DOGE coins.
Dogecoin Price Prediction – Daily Technical Levels
Pivot Point: 0.085913
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Dash 2 Trade (D2T)
Dash 2 Trade is a cryptocurrency intelligence tool that aims to increase profitability for both beginning and seasoned traders. It won’t be long till the platform’s beta testing is through. The Dash 2 Trade presale is presently in its final stages, and after it is through, the token will be offered on CEXs.
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The FightOut presale is just getting started. During the presale, one FGHT token is worth $0.01665002. The presale price will not be increased anytime soon, and the team has no plans to do so. Over $2 million of the presale’s $100 million hard ceiling has already been raised.
Thank you to everyone who has supported us this far. We are just getting started!
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The Calvaria presale is nearing completion. The presale has already raised more than $2.45 million. The presale will conclude after $3,075,000 has been raised. More than 80% of the presale tokens have already been sold.
There is just $500k in the Calvaria presale, why you need to buy before RIA is listed!https://t.co/E8Q4bSIn7L
The new P2E battle card game known as Calvaria (RIA) has performed exceptionally well during its presale stages thus far, turning heads in the c pic.twitter.com/HLavWpEczJ
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