Dogecoin Price Predictions: Can Elon Musk’s Support Lift the DOGE Crypto?

  • Dogecoin (DOGE-USD) is a hot topic after Elon Musk continued to show support for the crypto.
  • This support comes via Tesla's (TSLA) second-quarter earnings report.
  • The news now has many investors checking the latest Dogecoin price predictions.
Dogecoin coins with doge faces peeking out of brown leather wallet. The coins have the words "wow much coin how money" embossed on them.

Source: shutterstock.com/Igor Igorevich

Dogecoin (DOGE-USD) price predictions are worth taking a look at today as Tesla (NASDAQ:TSLA) CEO Elon Musk continues to support the meme crypto.

The news that has DOGE on the move? Tesla did not sell any of its DOGE during the second quarter of 2022. That’s worth noting because the company did offload 75% of its Bitcoin (BTC-USD) holdings during the period.

Although that news wasn’t welcomed by BTC investors, Dogecoin lovers are lapping it up. The news has resulted in the crypto trending on social media as investors share memes and talk about the company’s decision to hold onto DOGE.

With that in mind, let’s take a look at the most recent price predictions for Dogecoin.

Dogecoin Price Predictions

  • WalletInvestor starts our list of Dogecoin coverage with a one-year price target of about 13 cents.
  • Next up, CryptoNewZ gives DOGE a potential high of 20 cents and possible low of 6 cents by mid-2023.
  • Gov Capital closes out the Dogecoin price predictions with a one-year forecast of nearly 20 cents.

To put those Dogecoin price predictions into perspective, the crypto trades for around 6 cents as of this writing. It’s also worth mentioning that DOGE is down 1.5% over the past 24-hour period as of Friday afternoon.

Crypto investors seeking our more recent market news are in the right place!

InvestorPlace offers all of the crypto coverage that traders need to know about for Friday! Among that are Grove (GVR-USD) price predictions, a list of overlooked meme coins and cheap cryptos that could take off. You can find all of that news at the links below!

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.


Article printed from InvestorPlace Media, https://investorplace.com/2022/07/dogecoin-price-predictions-can-elon-musks-support-lift-the-doge-crypto/.

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