This is the right time to invest in Dogecoin: Elon Musk
Dogecoin is experiencing dip of more than 20 percent right now following the Saturday Night Live crash. Dogecoin has gained traction as a crypto that is fast becoming a solid medium for the direct conversion of one currency into another.
People are starting to see how fast the transaction of Dogecoin is. This means of utility make it relevant for building even greater investor interest in Dogecoin. Dogecoin is taking the position of Bitcoin as the highlight of the crypto markets drive to going against the established traditional financial system.
Dogecoin can reach one dollar this month or the next.
Analysts are optimistic that as the current correction that led to its slip from 70 cents to 50 cents fizzles out, its price will improve. In 2021 the speculation that Dogecoin can rise to a price value of about a dollar is the likeliest right now. The anticipation is still pretty high. The Dogecoin price can reach the dollar this month or the next. It is believed that favorable economic and market conditions will cause the seismic shift in the value of a rapidly advancing cryptocurrency.
No one is hoping for the coin to get even close to $100.. Yet
Analysts agree that there is enormous uncertainty surrounding the dogecoin market. No one is optimistic of the coin reaching as high as one hundred dollars, at least not yet. It could take at least five years, even if Dogecoin finds utility this year or the next modest predictions of positive value. In other exciting news, fans of the cryptocurrency have expressed their delight after rocket company SpaceX would launch a satellite called Doge-1 to the moon.
The satellite will use sensors and cameras to obtain lunar spatial intelligence. Dogecoin will be the unit of account between SpaceX and itself and Geometric Energy Corporation. The adoption of Doge coin might have been Elon Musk’s priority in the first place.