According to analyst Crypto Kaleo, Elon Musk will include DOGE in X very soon.
Even if the price of Dogecoin (DOGE) has dropped recently, cryptocurrency expert Crypto Kaleo thinks that Elon Musk still intends to include it in X, as stated in one of his most recent tweets. The analyst also said in a June article that he does not think it was a coincidence that Musk included DOGE in his bio during the X branding.
To a certain extent, X’s innovative incentive structures for accumulating DOGE have bolstered Crypto Kaleo’s expectations that now is “the right timing” for a DOGE integration. The expert said that traders would benefit from buying DOGE on price drops, even if the price had fallen.
Traders should start looking into acquiring DOGE, as stated by Crypto Kaleo in a tweet yesterday, and the opinion was backed by prominent cryptocurrency investor and expert Michael van de Poppe. When DOGE reaches $0.06982, as predicted by van de Poppe, that’s when you should buy.
Over the last day, the price of DOGE has dropped by 1.39%, reaching a low of $0.07373 on CoinMarketCap. As a result, the coin’s price was closer to the day’s high of $0.0747 than the day’s low of $0.07237.
Intraday trading volume for the meme currency reached $335.62 million, up over 10% from the day before. Despite this, the weekly performance of DOGE fell deeper into the red, to -3.41%, due to the price drop.
After peaking in May 2021 at $0.7376, the price of DOGE has dropped by a whopping 90% to its present level. DOGE is the seventh most valuable cryptocurrency by market cap, with a current valuation of $10,361,975,130. This made it the sixth most valuable cryptocurrency, only below USD Coin (USDC).
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