- There is a non-zero chance that Elon Musk integrates DOGE natively into X.
- DOGE price is likely to explode if the meme coin becomes integrated into X.
- Elon Musk’s influence on Dogecoin is a well-documented phenomenon.
There is a non-zero chance that Elon Musk integrates DOGE natively into X, according to Altcoin Daily, a crypto analysis platform operated by the Arnold brothers. In an X post, the Altcoin Daily account forecasted that if the Dogecoin integration happens, the DOGE price will explode.
There is a non-zero chance that Elon Musk integrates $DOGE natively into @X. If/when that happens the #Dogecoin price will EXPLODE!$1 $DOGE is programmed. $5 even possible. pic.twitter.com/19rMHA0Rps— Altcoin Daily (@AltcoinDailyio) August 23, 2023
DOGE traded at $0.0628 at the time of writing, according to data from TradingView. However, Altcoin Daily projected the price would soar to a minimum of $1 in the event of integration into X. He also envisaged the possibility of the price rising as high as $5.
Elon Musk’s influence on Dogecoin is a well-documented phenomenon. His tweets and endorsements formed the tailwind behind the most significant moments in the life of the meme coin. During one such time, in April 2021, the DOGE price surged from $0.052 to $0.4706, reflecting an 825% surge in one month.
Musk’s comments and endorsements of DOGE sometimes come in the form of satire and jokes, true to the spirit of the meme coin. On one such occasion, on February 6, 2021, the X owner, who at the time was just another user, launched a vote to let everyone choose the future of electronic currency. Musk’s options in the voting exercise were between Dogecoin and all other currencies.
Many users have predicted the implementation of DOGE on X since Musk purchased and took over the social network formerly known as Twitter. Some users who responded to Altcoin Daily’s tweet shared their belief that DOGE would become a payment instrument on X.
A respondent identifying as Dre Z West noted that he is tired of hearing crypto users say DOGE has no utility. According to him, DOGE’s utility will be revealed when it becomes needed for transactions on X. He believes by then the DOGE price would be much higher than it is today.
The post DOGE Will Explode to $1 – $5 After Possible X Integration: Analyst appeared first on Coin Edition.