{"id":26408,"date":"2023-08-03T09:43:55","date_gmt":"2023-08-03T09:43:55","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/03\/will-elon-musks-x-send-doge-to-1\/"},"modified":"2023-08-03T09:43:55","modified_gmt":"2023-08-03T09:43:55","slug":"will-elon-musks-x-send-doge-to-1","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/03\/will-elon-musks-x-send-doge-to-1\/","title":{"rendered":"Will Elon Musk\u2019s X Send DOGE To $1?"},"content":{"rendered":"

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Dogecoin value, with attributes to Elon Musk rebranding Twitter to X, defied the uninteresting crypto market to print a bullish wave above $0.08 final week. The main meme coin initially consolidated inside a slender vary with help at $0.06 and resistance at $0.072, restricted by diminished liquidity.<\/p>\n

Twitter Rebrand to X Could Trigger Dogecoin Price Rally<\/h2>\n

Elon Musk, the proprietor of Twitter and the CEO of Tesla, introduced in July the choice to rebrand the microblogging platform to X\u2014a transfer that’s set to pave the best way for the \u201ceverything app\u201d.<\/p>\n

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Musk\u2019s soft spot for Dogecoin<\/a>\u00a0has seen traders and trade consultants foresee the opportunity of the meme coin being adopted as a cost methodology on the X. The platform\u2019s umbrella might additionally unfold to cowl\u00a0Bitcoin (BTC)<\/a>, which Tesla had adopted for funds in 2021, though briefly.<\/p>\n

\u201cIt would be an absolute game-changer to incorporate cryptocurrency payments as part of that ecosystem,\u201d an knowledgeable quoted by CoinDesk mentioned.<\/p>\n

Brian D. Evans, CEO and founding father of BDE Ventures, a Web3 enterprise studio and advisory firm mentioned that he \u201cwouldn\u2019t be surprised if he (Musk) actually went through with enabling payments via DOGE.\u201d<\/p>\n

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Dogecoin value tends to reply and rally to Musk\u2019s tweets and actions on Twitter. The tremendously rallied in October when the billionaire accomplished the $44 billion deal, buying Twitter.<\/p>\n

Therefore, speculations of DOGE getting used to energy digital foreign money funds on X are considerably excessive and can be a serious enhance for the token that has tumbled 89.87% from the all-time excessive throughout the bear market.<\/p>\n

Dogecoin Price Ready to Confirm Breakout<\/h2>\n

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X may very well be the platform that takes crypto adoption to the following stage and DOGE may very well be on the epicenter. However, earlier than that, traders might wish to assess a possible bullish breakout more likely to comply with the rejection from July highs of $0.0826.<\/p>\n

As traders purchased the X rebrand information,\u00a0Dogecoin price<\/a>\u00a0climbed to $0.0826. This led to a DOGE rolling again to check the descending trendline help, which many merchants think about the uptrend affirmation.<\/p>\n

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