Dogecoin (DOGE-USD) value predictions are heating up on Monday because of Elon Musk taking a stake in social media platform Twitter (NYSE:TWTR).
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The large information as we speak is Tesla (NASDAQ:TSLA) CEO Elon Musk taking a 9.2% stake in Twitter. This makes him the largest shareholder of TWTR inventory together with his 73,486,938 shares value $2.89 billion, based mostly on Friday’s closing value.
It’s value mentioning that Musk’s stake in Twitter is passive. However, it won’t stay that approach. His funding in the social media firm comes after he criticized the social media firm for an alleged lack of free speech. This noticed him floating the concept of a brand new social media platform to his followers. Today’s information could possibly be an indication that he as an alternative intends to make adjustments at Twitter.
So what does all of this must do with Dogecoin and as we speak’s value predictions? To put it merely, Musk has been a long-time fan of the crypto, calling it out in Tweets a number of occasions. With a renewed curiosity in Musk from as we speak’s TWTR inventory information, the value of DOGE can be on the transfer.
With that in thoughts, listed here are some Doge value predictions to contemplate.
Dogecoin Price Predictions
- DigitalCoinPrice is anticipating DOGE to achieve 20 cents in 2022.
- WalletInvestor is on the lookout for the meme cryptocurrency to leap to twenty-eight.3 cents over the subsequent yr.
- Gov Capital is estimating Dogecoin will commerce at 20.74 cents one yr from now.
DOGE is up barely over the final 24 hours as of Monday morning.
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On the date of publication, William White didn’t have (both immediately or not directly) any positions in the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/04/dogecoin-price-predictions-where-will-musks-twitter-stake-take-the-doge-crypto/.
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