- Dogecoin’s creator supports using DOGE for X merchandise, amplifying the call for its broader use in commerce.
- Elon Musk’s continued promotion of Dogecoin sustains enthusiasm and speculation around DOGE’s potential price rally.
Following recent discussions in a CNF post on Musk’s support for Dogecoin and his history of influencing its price, the memecoin has frequently received promotion on X, resulting in both legal challenges and strong community backing.
Now, with Elon Musk’s social media platform indicating favoritism toward DOGE, the focus has shifted to X. A DOGE enthusiast, @dogeofficialceo, recently suggested that if X were to sell merchandise, users should have the option to pay with DOGE. As shared by Ali Chart in a recent tweet, Dogecoin (DOGE) could see a 27% rally to $0.209 if it breaks above the $0.169 resistance.
If #Dogecoin $DOGE breaks above the $0.169 resistance, we could see a 27% rally up to $0.209! pic.twitter.com/seVi6gdoH5
— Ali (@ali_charts) November 2, 2024
This playful idea gained support from Billy Markus, Dogecoin’s co-creator, who endorsed the concept on social media. The Dogecoin community continues to advocate for broader use of DOGE, following its integration as a payment option for Tesla and SpaceX products.
Dogecoin Price Prediction and Musk’s Continued Influence
Cryptocurrency trader Ali Martinez has also weighed in on Dogecoin’s potential price movement, predicting a 27% rally if DOGE can break through the $0.169 resistance level, potentially reaching $0.209.
Meanwhile, Elon Musk continues to energize the Dogecoin community with his public support. On October 28, Musk posted a meme combining a photo of himself with the iconic Dogecoin Shiba Inu dog, sparking renewed enthusiasm among DOGE fans.
Musk’s ongoing influence, from playful memes to potential new ventures like the Department of Government Efficiency (D.O.G.E.), keeps the Dogecoin community hopeful for future developments. As shown on CoinMarketCap today, Dogecoin (DOGE) is currently trading at $0.157, having surged by 3.85% in the past day and 8.09% in the past week.
