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Cryptoknowmics 2022-05-07 22:30:58

Could 2022 be Dogecoin Year?

Dogecoin (DOGE) is the biggest meme token listed on CoinMarketCap in terms of market capitalization. It is presently trading at $0.128 and with 1% increase in the past 24 hours. The past year had not been good for DOGE since its price has reduced by 77% according to CoinGecko. However, the year 2022 is here with the second quarter almost getting to its middle: one would wonder if there are factors that could make DOGE to trend with a high surge before the end of the year? We shall consider the possibility of the year 2022 becoming the year for Doge investors. Some of the factors are: Elon Musk factor Stronger adoption and partnerships Other developments within the Dogecoin community Elon Musk factor The recent acquisition of Twitter by Elon Musk for about $44 billion is one of the reasons why Dogecoin (DOGE) has a possibility of experiencing a positive increase at different times. Prior to this acquisition, Musk has shown that he is a Dogecoin proponent and is not selling his investment in the token soon. Since the market is one that is pushed by sentiments when big players make statements, we should expect his tweets at different intervals on DOGE in the coming weeks. Stronger adoption and partnerships Gucci one of the top designer’s brands in an announcement noted that Dogecoin had been included as one of the ten cryptocurrencies for payment for its products in the United States. About five stores in the United States will b...

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