Dogecoin Drama Fest 2022: Is $0.3 Within Reach Already?

Dogecoin (DOGE) shook the crypto space once again as it skyrocketed its price rate to almost +30% in the past 24 hours. This boost was caused when Elon Musk, the CEO of TESLA, and also known as the DOGE father, bought the social media platform Twitter. The news spread like wildfire in the community, which gathered different thoughts and opinions.

Shibetoshi Nakamoto, creator of Dogecoin, reacted to this,

The tweet stated things about the drama and emotions faced within the Dogecoin community. “Remember parts of the dogecoin community: if you spend all your time causing drama, you’re not really helping the community so instead, try not doing that, and instead do productive things, m’kay.”

The tweet gained different reactions from the community. Some agreed while others had different thoughts. Regardless, the DOGE price continues to surge. At the time of writing, DOGE trades at a bullish price of more than $0.16 per crypto. It has a huge market cap of almost $22 billion, a number that ranks it as one of the top ten cryptos in the market.

As seen in the chart above, DOGE was able to pull itself away from the bearish area. In detail, DOGE pumped its position to over +30% in the past 24-hours. If DOGE can keep this momentum in the remaining days of the month, the DOGE price may surge to over $0.2 or even fly to $0.3. But of course, this price forecast of the crypto is still based on the market performance of DOGE and the behavior of its investors in the network.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.