Dogecoin Price Prediction as DOGE Shoots Up 26%, Elon Musk Hints at Twitter Integration
Dogecoin price continues to see consecutive surges, now for the second week. After taking a hiatus at $0.1500, DOGE retreated slightly below $0.1200 before spiking again amid hints of its integration into Twitter.
A clear break above the intermediate resistance at $0.1600 will be the gateway to highs beyond $0.1200. Remember, analysts and experts believe that Dogecoin has the potential to reclaim its all-time high at $0.7315 amidst its quest for $1.0000.
The new owner and CEO of the microblogging platform, Twitter, has today hinted at the integration of Dogecoin into Twitter. Musk took control of the social media platform after completing his $44 million deal late Thursday last week.
Changes began immediately with the firing of the company's CEO, Parag Agrawal. Two other top executives were shown the door, including the firm's CFO, Ned Segal and the head of policy Vijaya Gadde.
According to the news media, The Guardian, Twitter employees are bracing for mass layoffs as Musk carries out a restructuring process. Up to a quarter of the staff at Twitter are unlikely to survive the layoff, as outlined by The Washington Post.
Elon Musk's tweet – containing a Halloween-themed pumpkin with the Twitter logo engraved to it and a Shiba Inu dog wearing a Twitter-branded T-shirt- elicited excitement across the board, with investors renewing their bet on Dogecoin's ability to keep the uptrend intact.
The post has been interpreted to mean that Musk is working on integrating Dogecoin on the social media platform. This teaser could be massive for the meme coin if it sees the light of day, and with Elon Musk, the self-proclaimed Dogefather, at the company's helm, DOGE's integration could be a matter of when and not if.
The Dogecoin community has
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