"Is this the time for DOGE prices to shine after a long hiatus?"
After waiting for a long time, the community must have been surprised when the largest memecoin Dogecoin (DOGE) finally managed to climb more than 16% during the last week to break through $0.083 from $0.07 on July 24, 2023.
DOGE also beat its competitors Shiba Inu (SHIB) and Pepecoin (PEPE) which have been far behind as their performance is shrinking.
Pleased to note that DOGE is gaining traction among leading traders and analysts on Twitter after one of CrediBULL Crypto's analysts predicted that the memecoin will soar in the future.
It is true that DOGE is very risky to predict since its price can make volatile movements, but the memecoin that is surrounded by many positive sentiments can drive its price in the near future.
Social media platform Twitter, which has rebranded as X, has sparked speculation among investors who say investors will play a key role in its future transformation.
This is because X is in a strong position to support digital payments, especially combining cryptocurrencies with DOGE.
Although the date for the implementation of the payment is still unknown, crypto investors are looking at the price of DOGE with the potential to break $0.09 and jump higher as demand will increase when Elon Musk integrates the memecoin on the X application.
As of this writing, DOGE price is up 2.83% at $0.07 in the last 24 hours with a market capitalization of $11 billion and trading volume of $1 billion.
