![Dogecoin [DOGE] goes on a barking run, thanks to Musk’s Twitter deal](https://i.headtopics.com/images/2022/10/31/cryptoamb/dogecoin-doge-goes-on-a-barking-run-thanks-to-musk-dogecoin-doge-goes-on-a-barking-run-thanks-to-musk-1587143615062614016.webp)
CEO of Tesla and Twitter Inc. owner Elon Musk has made 62% of Dogecoin (DOGE) investors wealthy amid rumours that the memecoin will benefit from Musk’s purchase of Twitter. Here’s AMBCrypto’s Price Prediction for Dogecoin [DOGE] for 2023-24 Elon Musk, a multibillionaire businessman, altered his Twitter bio to “Chief of Twit” on 26 October. He […]
CEO of Tesla and Twitter Inc. owner Elon Musk has made 62% of Dogecoin investors wealthy amid rumours that the memecoin will benefit from Musk’s purchase of Twitter.Elon Musk, a multibillionaire businessman, altered his Twitter bio to “Chief of Twit” on 26 October. He also paid a visit to Twitter’s San Francisco offices that day and on 28 October, officially closed the acquisition as the new owner., the price of DOGE has appreciated by 98.5% over the last seven days to $0.
Events have also caused DOGE’s market cap to surpass Cardano and Solana and move up as the eighth-largest cryptocurrency in the world, with a $16.3 billion market cap.With the numbers looking so positive, it looks like DOGE is going to have a bullish road ahead, at least for some time now. The last 24 hours saw the liquidation of about $8.69 million worth of Dogecoin Futures options, according to Coinglass. The majority of Dogecoin liquidations were caused by blown-out short bets.
Pseudonymous crypto-analyst Smart Ctracter revealed they are thinking about moving their Bitcoin holdings into $DOGE “for the next few months at least”because the DOGE/BTC chart is the “most crazy bullish” thing he has seen in “a long time.” The chart’s bullish appearance, according to the analyst, is due to an inverted head and shoulders pattern that has been in place for a year and that “barely anyone is even talking about.” It’s important to note that a head and shoulders pattern is a chart formation that signals a bullish-to-bearish trend reversal. Hence, an inverted head and shoulders pattern signals a bearish-to-bullish trend reversal.
A Dogecoin-integrated Twitter, in the opinion of writer Matt Wallace, would illustrate “what #Dogecoin is capable of.”
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