We recently saw a major bull run for DogeCoin in may and now we are just cooling of and getting ready for the next big move. Personally, I believe that finally we can accumulate our favorite cryptos like doge and etherium at a huge discount. It has seen that cryptocurrencies has gone too far down and the next phase for doge coin will come with a massive recovery.
Doge Coin Price
We will see a big bounce on the crypto market which could happen in a couple weeks or even a month. It is predicted that DogeCoin will make very strong move in the next 10 days toward the end of the month. This is when Doge Coin will start gaining momentum and start its bull run. But the biggest question of all is, will Tesla accept Doge Coin? If yes, when is it going to happen? If we look into the past, Tesla was accepting BitCoin as payment method at the begining of the year. But, it was stopped due to environmental issues. But he recently stated that he is open to accept cryptocurrencies as the payment method. This could only happen when the cryptocurrency mining becomes more sustainable and eco-friendly.
In one of the tweets, 80% of people have agreed to the poll asking weather to accept DogeCoin or not for purchasing the Tesla Automobile. If we dig deeper, we can also see a tweet where Tesla is open to accept cryptocurrencies that are more eco-friendly than BitCoin. He also said He was working for DogeCoin Dev and trying to improve it. This might be a hint that Elon himself is trying make DogeCoin more sustainable and ecofriendly to finally use it as their alternative method of payment. If we make a final judgement out of his tweet, we can say he likes DogeCoin more than any other cryptocurrencies. The rise of DogeCoin’s is inevitable and it shows how DogeCoin will triumph over the global financial system which is dominated by other financial institution. This might be the reason why fear is being created on the market by saying stuff like crypto is dead or cryptocurrencies is always going to 0.
Don’t panic! Hold the cryptocurrencies you have for now. No one sells crypto when the market is in the lowest point. I personally think DogeCoin will regain its momentum pretty soon. This is the perfect time to hold. At the end of the month, it is predicted to reach $0.70 threshold.
Note: These are predictions and my personal judgement. Don’t make your financial decision on the basis of this article. Stay tuned for more updates on DogeCoin and other cryptocurrencies.