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  • Writer's pictureSarah Dixon

Buy Dogecoin now, says crypto analyst.


Buy Dogecoin now, says crypto analyst.
Buy Dogecoin now, says crypto analyst.

Despite the ongoing downturn in the cryptocurrency market, Dogecoin has maintained its popularity and has gained a significant following. Recently, a crypto analyst has recommended buying the meme coin after a prolonged period of decline and has provided reasons for doing so.


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Buy Dogecoin now, says crypto analyst. Time To Buy Dogecoin?

Dogecoin's current range is considered a good buy opportunity by a crypto analyst known as Kaleo on Twitter. The reason for this is the expectation that billionaire Elon Musk will integrate the meme coin as a payment method for Twitter. Recently, Musk added the infamous DOGE logo on his Twitter profile, placing it next to X, the new symbol for the social media platform. According to Kaleo, there is a solid chance that Musk will actually do something this time, and including DOGE in his bio at the same time as the X rebrand is not just a coincidence. However, the analyst warns that the altcoin's current rally could cool off and fall in line with the general crypto market trend. Nonetheless, it would be a good idea to accumulate on any dips from here. Buy Dogecoin now, says crypto analyst.


DOGE surges 9% to $0.077 | Source: DOGEUSD on Tradingview.com
DOGE surges 9% to $0.077 | Source: DOGEUSD on Tradingview.com


What Happens To DOGE If It Is A Payment Method On Twitter?

Dogecoin's integration as a payment method on Twitter has been long-awaited by the DOGE community and the broader crypto market. This integration will give the cryptocurrency its most significant use case to date and expose it to the social media platform's hundreds of millions of users. Historically, Elon Musk's tweets about the meme coin have led to a rapid increase in price. Therefore, the announcement of Dogecoin becoming a verified payment method on Twitter is expected to lead to at least a 100% rally for the digital asset.


If DOGE is integrated as an accepted form of payment on Twitter, it is possible that the meme coin's price will rally toward $0.2. According to Kaleo, "it'll happen fast, and the entire timeline will say it was obvious in retrospect."


As of now, DOGE's price is still trending at $0.077, a 9% increase from its Monday price, according to data from Coinmarketcap. Nevertheless, DOGE remains the 7th-largest cryptocurrency with a market cap of $10.89 billion.


Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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