Dogecoin (DOGE-USD) price predictions are heating up on Monday thanks to Elon Musk taking a stake in social media platform Twitter (NYSE:TWTR).
The big news today is Tesla (NASDAQ:TSLA) CEO Elon Musk taking a 9.2% stake in Twitter. This makes him the largest shareholder of TWTR stock with his 73,486,938 shares worth $2.89 billion, based on Friday’s closing price.
It’s worth pointing out that Musk’s stake in Twitter is passive. However, it might not remain that way. His investment in the social media company comes after he criticized the social media company for an alleged lack of free speech. This saw him floating the idea of a new social media platform to his followers. Today’s news could be a sign that he instead intends to make changes at Twitter.
So what does all of this have to do with Dogecoin and today’s price predictions? To put it simply, Musk has been a long-time fan of the crypto, calling it out in Tweets several times. With a renewed interest in Musk from today’s TWTR stock news, the price of DOGE is also on the move.
With that in mind, here are some Doge price predictions to consider.
Dogecoin Price Predictions
- DigitalCoinPrice is expecting DOGE to reach 20 cents in 2022.
- WalletInvestor is looking for the meme cryptocurrency to jump to 28.3 cents over the next year.
- Gov Capital is estimating Dogecoin will trade at 20.74 cents one year from now.
DOGE is up slightly over the last 24 hours as of Monday morning.
We’ve got more crypto news traders will want to know about below!
InvestorPlace has all of the latest crypto news with our daily coverage of the space. A few examples include an update on Ripple Labs (XRP-USD), Shiba Inu’s (SHIB-USD) metaverse plans, as well as Web 3.0 cryptos to keep an eye on. You can find all of this at the following links!
More Crypto News for Monday
- Ripple’s Recent Win Against the SEC Provides Hope for Its XRP Coin
- What Shiba Inu’s Plan to Enter Metaverse Means for Investors
- 7 Web 3.0 Cryptos That Could Be the Next High-Flier
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
