- Analyst Crypto Kaleo strongly believes that DOGE will be implemented in X by Elon Musk soon.
- Both Crypto Kaleo and Michael van de Poppe shared on Twitter that traders should look into accumulating DOGE.
- Over the past 24 hours, DOGE’s price fell by 1.39%, which left it trading at $0.07373.
Cryptocurrency analyst Crypto Kaleo believes that Elon Musk still plans to integrate Dogecoin (DOGE) into X despite the meme coin’s price cooling off a bit, according to one of his latest Twitter posts. In an earlier post from June, the analyst also shared that he does not believe Musk adding DOGE to his bio during the X rebrand was a coincidence at all.
I tweeted this at the peak of Elon / X speculation.Since then, Dogecoin has cooled off and so has the hype surrounding it.This was to be expected.As X continues to implement more creative earning incentives, I wouldn’t sleep on a possible DOGE integration announcement… https://t.co/Tv2s3TnQoG— K A L E O (@CryptoKaleo) August 8, 2023
Crypto Kaleo’s DOGE integration hopes were heightened by X’s implementation of creative earning incentives, and feels like it is “the right timing”. Although DOGE’s price did cool off, the analyst pointed out to traders that it could be a good idea to start accumulating DOGE during any price dips.
The well-known cryptocurrency investor and analyst Michael van de Poppe shared his own thoughts on DOGE in a tweet yesterday, and agreed with Crypto Kaleo that traders should start looking into accumulating DOGE. According to van de Poppe, the best entry zone will be when DOGE hits $0.06982.
Entry zone for $DOGE. pic.twitter.com/26SwdTbYU2— Michaël van de Poppe (@CryptoMichNL) August 7, 2023
In the past 24 hours, DOGE’s price experienced a slight decline of 1.39%, settling at $0.07373, according to CoinMarketCap. The coin thus hovered closer to its daily high of $0.0747 rather than its low of $0.07237.
Notably, the intraday trading volume for the meme coin stood at $335.62 million, which marked a more than 10% increase from the previous day. Despite this, the price dip caused DOGE’s weekly performance to slip further into negative territory to -3.41%.
Having reached an all-time high of $0.7376 in May 2021, DOGE has undergone a substantial 90% price decrease, to now trade at its current level. With a market capitalization of $10,361,975,130, DOGE was ranked as the 7th largest cryptocurrency in terms of market capitalization. This placed it right behind USD Coin (USDC) in the 6th spot.
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