Wednesday, November 30, 2022
HomeCrypto NewsMarketDogecoin Volume Up 5000%, As Matt Wallace Makes Another Wild DOGE Prediction

Dogecoin Volume Up 5000%, As Matt Wallace Makes Another Wild DOGE Prediction

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Dogecoin Influencer Matt Wallace Makes Another Wild DOGE Prediction.


Wallace predicts DOGE will clinch the $69 price point.

Dogecoin Influencer Matt Wallace has made another wild Dogecoin prediction, tweeting, “Dogecoin TO $69!!!!!!!!!” today.

Notably, the tweet comes two days after he and his wife promoted a $69 Dogecoin giveaway.

It is worth noting that 69 is one of the most popular meme numbers and has relevance within the Dogecoin meme community. In August, DOGE co-creator Billy Markus highlighted that either by chance or the sheer playfulness of the Dogecoin community, the meme coin was having a difficult time breaking away from the $0.069420 price point, calling it the coin’s “meme home.”

Consequently, it is unclear if the influencer known for making wild Dogecoin predictions is serious. Wallace asserted yesterday that anything is possible because of the 5000% leap in the meme coins volume.

While some members of his audience appreciated the Dogecoin pump tweet, unsurprisingly, some found it challenging to take the influencer seriously. For example, one user noted that he would be content with Dogecoin getting to $0.69.

It bears mentioning that just two days before, the influencer had set the price target for Dogecoin in this latest pump at $7.

Wallace launched his YouTube channel dedicated to Dogecoin called Final Stand in 2018 and has since amassed over 243,000 followers. Notably, as reported by The Crypto Basic, the influencer in June bet his channel on the meme coin, surpassing the $1 price point in 2022.

It is worth noting that Dogecoin had an impressive showing during the weekend following Elon Musk’s acquisition of Twitter. The meme coin is up 107% in the last seven days, jumping from about $0.06 in the days before the deal’s completion to $0.1231.

Dogecoin has also added about $7 billion to its market cap. Consequently, it has leapfrogged Cardano and Solana to become the 8th largest cryptocurrency by market cap.

IntoTheBlock data shows that 62% of Dogecoin holders are in profit.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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