Dogecoin ($ DOGE) võib pärast 120% tõusu sellel kuul jätkata rallit, soovitab analüüs

The price of the meme-inspired cryptocurrency Dogecoin ($DOGE) could keep rallying in the near future, even after moving up more than 120% over the last few days after Tesla and Space X CEO Elon Musk acquired the microblogging platform Twitter.

According to on-chain cryptocurrency analytics firm Santiment, DOGE appears to have “room for more growth” in the near future based on search volume on Google and on the cryptocurrency’s social dominance.

Aastal pärast, platvorm märkida that the search volume for Dogecoin on search giant Google hasn’t risen to levels that are anywhere comparable to those seen back in May 2021, when the cryptocurrency’s price hit an all-time high above the $0.70 mark.

Nagu CryptoGlobe teatas, otsinguhuvi DOGE vastu plahvatas ahead of a 10,000% price rally last year, with influencers associated with the WallStreetBets subreddit calling for the meme-inspired to cryptocurrency to surge to $1 being part of the reason for the search explosion, along with jokes made by Tesla CEO Elon Musk around the cryptocurrency.

Looking at Dogecoin’s social dominance, Santiment noted that the cryptocurrency’s dominance back in May 2021 was a “whopping 40%” while right now it’s at only 14%, suggesting there’s significantly more room for growth.

As the cryptocurrency has been “holding top 5 of our social trends for the last 4-5 days,” this could be interpreted as an “indicator of incoming price decline.” As reported, DOGE’s price surged earlier this week after Elon Musk’s Twitter takeover, as speculation has been abound as to how, and if, Musk will implement DOGE-related features on the microblogging platform.

Notably, leading cryptocurrency exchange Binance has recently launched a ‘Bluebird Index, mis on krüptovaluutade indeks, mis jälgib oma algse märgi $BNB, samuti Dogecoini ($DOGE) ja vähetuntud krüptovaluuta nimega Mask Network ($MARK) toimivust. Indeksi nimi ja koostisosad tõmbasid sotsiaalmeedias tähelepanu, mitmed kasutajad väitsid, et Binance vihjab müntidele, mis on osa tulevasest Twitteri integreerimisest Web3-ga.

2022. aasta veebi tippkohtumisel Lissabonis toimunud pressikonverentsil täpsustas Binance'i tegevjuht, et ettevõte on "vähemusinvestor", kes soovib olla Twitteris "võimalikult toetav". CZ lisas, et kõnelustel Muskiga mainis ta Dogecoini kasutamist mikroblogimise platvormil.

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