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Dogecoin Price Predictions: Where Will Dogefather Elon Musk Take The Crypto Next?

Elon Musk does Dogecoin (CCC:DOGE-USD) an offer it cannot refuse. Musk makes it clear that he wants to be the face of the Dogecoin revolution. And as long as it continues to drive up the price of the coin, the DOGE investors are all for it. With his latest tweet, the eccentric billionaire has come one step closer to his goal of DOGE mascot dominance. The consequences are an increase in the DOGE value of 10 cents and a multitude of bullish Dogecoin price predictions.

Source: Shutterstock

Only 23 characters are enough for Elon Musk to drive the crypto world crazy. A five-word promotional tweet for its upcoming SNL episode resulted in the DOGE rocket being launched:

It took 14 minutes for the tweet to drive DOGE 4 cents up. The coin is currently up over 14% and is trading at 31 cents.

The Doge Father
SNL May 8th

– Elon Musk (@elonmusk) April 28, 2021

Dogecoin Price Predictions Rise After Musk Tweet

The newly crowned Don Vito from DOGE must be fed up with seeing the cryptocurrency hovering around the quarter mark. Every tweet from Elon Musk Dogecoin is placed with precision; apparently so casual. The entrepreneur can control the trajectory of the crypto at will. Investors love it. What’s not to love when you can just hold out and watch an eccentric billionaire add to your portfolio, a few words at a time? And with all the other celebrity support, there’s no reason not to feel optimistic about DOGE today. Mark Cuban showed up at the Ellen DeGeneres Show yesterday to sing the DOGE gospel.

Despite all of Dogecoin’s praise, crypto analysts are very optimistic about DOGE’s outlook for 2021. The price predictions for Dogecoin all point towards profit, and some even believe the coin could hit $ 1 this year. Both Coinpedia and Capital.com are signaling a DOGE target of $ 1 by December. The Economy Forecast Agency has become even more optimistic and is forecasting a price of $ 1.15 by the end of the year. WalletInvestor believes we could even hit a price close to $ 2 in 12 months.

At the time of this writing, Brenden Rearick held (neither directly nor indirectly) positions in the securities discussed in this article.

Article printed by InvestorPlace Media, https://investorplace.com/2021/04/dogecoin-price-predictions-where-will-dogefather-elon-musk-take-the-crypto-next/.

© 2021 InvestorPlace Media, LLC

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