Is Elon Musk Dogecoin's Only Hope for Reaching $1?
Dogecoin (DOGE) has faced a steep 5.6% correction in the last 24 hours. Despite the correction, CoinGecko data shows that the original memecoin has rallied 5.5% in the weekly charts, 3% in the 14-day charts, and 6.2% over the previous month. Although DOGE entered into a bullish phase over the last few days, the memecoin has struggled to gain traction over the last few years. Let’s discuss if Elon Musk is Dogecoin’s last hope to breach the $1 mark. Source: CoinGecko Is Elon Musk The Only Person Who Can Take Dogecoin to $1? Source: fxh Elon Musk is one of the most vocal and popular Dogecoin (DOGE) fans in the world. Musk has openly spoken about his love for the memecoin. The tech-billionaire has also enabled DOGE payments for many of his businesses, such as Tesla and SpaceX merchandise. Musk’s posts on his social media platform X have often led to sporadic rallies for DOGE. However, these rallies are often short-lived. Musk has also undertaken a satellite program paid fo...