Benzinga – The world of cryptocurrency has been buzzing with activity this week. From bold predictions about Dogecoin to Elon Musk‘s continued endorsement of the meme coin, there’s a lot to catch up on. Let’s dive into the top crypto stories of the week.
Dogecoin’s Potential 125% Surge
A pseudonymous analyst, Kaleo, has made a bold prediction about the future of Dogecoin (CRYPTO: DOGE), suggesting a potential surge of over 125%. The prediction indicates that DOGE could rise to $0.14 from its current trading price of $0.062. Amid these predictions, Dogecoin creator, Billy Markus, shared his investment principles and highlighted his favorite tokens, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Read the full article here.
Bitcoin’s Potential Rally to $60,000
Crypto expert, Credible Crypto, has drawn parallels between Bitcoin’s current market structure and its performance leading up to its all-time high in November 2021. The analysis suggests a potential bullish trajectory for Bitcoin, with the possibility of reaching new all-time highs this year. The expert remains optimistic about Bitcoin’s future, emphasizing the significance of fractals in predicting market movements. Read the full article here.
Trump’s NFT Collection Skyrockets
Following an interview with Tucker Carlson, former President Donald Trump‘s NFT collection saw a staggering 1200% surge in sales. The spike coincided with the GOP presidential debate on Fox News. Trump’s involvement in the crypto world has been highlighted, with disclosures revealing his possession of up to $5 million worth of Ethereum. Read the full article here.
Cathie Wood’s Bitcoin Prediction
Cathie Wood, Founder of Ark Invest, in an exclusive interview with Benzinga CEO Jason Raznick, shared her belief in Bitcoin’s potential to hit $1 million in the next five to seven years. Wood emphasized the significance of Bitcoin as the first global, private, digital, rules-based monetary system. She also highlighted Ark Invest’s predictions for the crypto market, expecting it to be valued at roughly $25 trillion by 2030. Read the full article here.
Musk Endorses Dogecoin on X
Elon Musk, tech entrepreneur and owner of X (formerly Twitter), once again endorsed Dogecoin. Responding to a post by his mother, Maye Musk, on X, Elon mentioned that “X” is a DOGE-friendly place. This endorsement led to a 1.68% surge in DOGE’s trading value. Musk’s relationship with DOGE has been a significant driver of its market volatility. Read the full article here.
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