Elon Musk’s Saturday-morning tweets are once again driving market prices. This past weekend, the SpaceX brainiac once again promoted his favorite meme-coin. With Dogecoin (CCC:DOGE) trending throughout the last week and prompting lots of chatter, Musk tweeted his thoughts. While, “…going to moon very soon,” seems pretty insignificant, when it comes from Musk, it is gospel. Investors are putting out their revised Dogecoin price predictions this Monday as crypto hobbyists continue to root for the cute coin.
Beyond Dogecoin’s gains last week where it took the spotlight as an underdoge crypto play, Musk’s tweet is moving the coin further. A 20% rally has come from the post, moving DOGE past the 8-cent mark. While it has since settled to just above 7 cents, investors are still feeling bullish.
One of the biggest potential jump-off points for DOGE could come from a Coinbase listing.
The wildly popular crypto exchange is going public on Wednesday in what will be a period of momentous change for the cryptocurrency world. And as the traditional stock world collides with the digital currency realm, investors want to see DOGE listed on Coinbase. Twitter has been on fire with posts demanding a DOGE coin listing. Such a listing could be what catalyzes the upward swings that people want to see for the coin.
… going to moon very soon
— Elon Musk (@elonmusk) April 10, 2021
In the week since our last round of Dogecoin price predictions, analysts have upped their predictions for the dog-faced token. Let’s take a look:
Dogecoin Price Predictions: To the Moon?
- FX Street has bulked up its predictions for DOGE after the Musk tweet, predicting a potential surge to 9 cents after holding at the current 7-cent mark.
- Digitalcoin thinks Dogecoin will reach the 10-cent mark by year’s end.
- WalletInvestor has revised its bearish 7-cent prediction from last week to a more bullish 9-cent prediction this morning.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article.