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Dogecoin is now a long way from its $0.7 record that has been brought by the billionaire musc elon aggressively promoting what it calls its "favorite" cryptocurrency. Dogecoin is now a long way from its $0.7 record that was led by billionaire Elon Musk to aggressively promote what he calls his "favourite" cryptocurrency.
However, as the meme coin continues to decline, even with the current bull feeling, there is still the possibility that Musk will regain its very public support for Dogecoin.
The influence of elon musk on the Dogecoin community and the price of the part meme by extension is still very much in the public eye. Just the fact that musk had bought twitter had sent the doge's price rallying more than 150% within a few days. But until now, there hasn't been much on the part of the billionaire on cryptocurrency.
However, looking back to early 2021 when Musk had been posting religiously about Dogecoin, one can’t help but wonder what would happen if he started doing that again. Given the current position of the Doge price relative to what it was in 2021 prior to Musk starting to publish on this subject, The price of the coin would soon hit a new record.
As Bitcoinist reported, the price of DOGE rallied over 70,000% in 2021 due to Musk’s shilling. It went from $0.0011 to $0.78 very quickly. It went from $0.0011 to $0.78 quite quickly. Based on the current price trend, a similar model would see DOGE's price rapidly exceed $5.
While another 70,000% rebound would put the price in excess of $60. Even if the price of DOGE does not reach the expected prices, it will definitely be seeing new all-time highs if Musk threw his full weight behind it once more.
DOGE price trending at $0.089 | Source: DOGEUSD on TradingView.com$0.089 DOGE Award| Source: DOGEUSD on TradingView.com. For DOGE And Other Meme Coins
For DOGE & Other Meme Pieces. We can rightly say that the Musk Dogecoin shilling is the trigger for the awesome coin season as well in 2021, and it could trigger another.
Coins like shiba inu and baby doge will easily see an advantage if doge should start to rally. That's because investors are going to flock to other meme pieces, believing they missed the train on Dogecoin.
Don't want to miss others.
