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Tesla’s Investor Day: Right earlier than the tech large’s investor day, Dogecoin (DOGE) has confirmed to be a spotlight performer of the day. The meme coin has efficiently managed to flip Polygon and Binance USD by way of market cap. Now, it’s aiming to surpass Cardano (ADA) as many imagine that Tesla’s Investor Day may push the Dogecoin value in direction of the bull run.

Dogecoin Price To The Moon?

Dogecoin (DOGE) like the remainder of the crypto market had a gradual begin to the yr 2023. Its social sentiment has been on an uneven path for the previous few months. The final time this meme coin actually noticed a great surge was again in October of 2022 when Tesla’s CEO Elon Musk accomplished his takeover of the social media platform Twitter.

Speaking of the social media platform, a crypto influencer by @Betterthanbing on Twitter not too long ago shared some dogecoin value charts on Monday. He believes that DOGE has a powerful use case, and it’d witness a large surge forward of Tesla’s investor day.

Call me loopy, however March 1st Looks like a terrific day for #DOGE. We have Tesla’s Investor Day as a catalyst for this yr! Look on the charts hooked up for 2021 and 2022! #dogecoin goes to the moon quickly because of #elonmusk and #tesla @elonmusk Thanks to your assist!

– Tametheark @Betterthanbing, (February 27, 2023)

With Elon Musk’s fixed assist and Whale’s curiosity, it’s potential for the meme coin to achieve new heights. But, solely time will inform whether or not or not the present climb of DOGE is sustainable.

On A Way To Surpass Cardano (ADA)

At the time of writing, the DOGE price was buying and selling at $0.086. It is up 0.87% within the final 24 hours and 17.74% within the final 30 days. This gave the coin a market cap of round $10.9 Billion, making it the eighth-largest cryptocurrency by that metric, in keeping with CoinMarketCap.

Cardano is the digital asset that Dogecoin may very well be in search of to surpass subsequent, sitting because the seventh-largest crypto. ADA’s market cap is sitting at $12,645,296,268, a mere $1.7 billion forward of DOGE, and potential inside hanging distance.

Also Read: Breaking: Ethereum Shanghai Upgrade Live On Sepolia For ETH Withdrawals

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