{"id":544296,"date":"2023-07-25T23:00:00","date_gmt":"2023-07-25T23:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=544296"},"modified":"2023-07-25T14:26:04","modified_gmt":"2023-07-25T14:26:04","slug":"analyst-says-its-time-to-buy-dogecoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/analyst-says-its-time-to-buy-dogecoin\/","title":{"rendered":"Crypto Analyst Says It\u2019s Time To Buy Dogecoin, Here\u2019s Why"},"content":{"rendered":"

Dogecoin remains one of the popular coins despite the crypto bear market and its resilience has seen it garner a significant following. And now, after a long and stretched-out downtrend, a crypto analyst has sounded the buy alarm for the meme coin, giving reasons for this.<\/p>\n

Time To Buy Dogecoin?<\/h2>\n

According to a crypto analyst known as Kaleo on Twitter, Dogecoin\u2019s current range is a good place to buy<\/a>. The reasoning for this revolves around expectations that billionaire Elon Musk will integrate the meme coin as a payment method for Twitter.<\/p>\n

Related Reading: Ethereum Whale Transfers To Exchanges Suggest More Selling Pressure For ETH<\/a><\/div>\n

This comes after the billionaire recently incorporated the infamous DOGE logo on his Twitter profile, placing it next to X, the new symbol for the social media platform. And as Kaleo points out<\/a>, \u201cThere\u2019s a solid chance he actually does something this time though, and him including it in his bio at the same time as the X rebrand isn\u2019t just a coincidence.\u201d<\/p>\n

However, the analyst also points to the fact that this may not be a completely smooth ride for the altcoin. For example, Kaleo explains that Dogecoin\u2019s current rally could reach a cool-off period where it falls in line with the general crypto market trend. But he added that it would be a good idea to \u201caccumulate on any dips we get from here.\u201d<\/p>\n

\"Dogecoin<\/p>\n

DOGE surges 9% to $0.077 | Source: DOGEUSD on Tradingview.com<\/a><\/pre>\n
What Happens To DOGE If It Is A Payment Method On Twitter?<\/h2>\n
Dogecoin becoming a payment method on the Twitter platform (now X) has been long-awaited by not just the DOGE community but the broader crypto market. This is because such an integration will give the cryptocurrency its most significant use case to date, while also exposing it to the hundreds of millions of users of the social media platform.<\/p>\n
Historically, whenever Elon Musk has tweeted about the meme coin, it has led to a rapid increase in price. So it is expected that such an announcement of Dogecoin being a verified payment method on Twitter will lead to an at least 100% rally for the digital asset.<\/p>\n
Related Reading: Bullish Signal: Whales Accumulate Massive Amounts Of ARB<\/a><\/div>\n
If DOGE were to be integrated as an accepted form of payment on Twitter, it is possible that the price of the meme coin will rally toward $0.2. However, \u201cit\u2019ll happen fast, and the entire timeline will say it was obvious in retrospect,\u201d Kaleo explains.<\/p>\n
For now, DOGE\u2019s price is still trending at\u00a0 <\/span>$0.077, a 9% increase from its Monday price, according to data from Coinmarketcap. Nevertheless, DOGE remains the 7th-largest cryptocurrency with a market cap of $10.89 billion.<\/p>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin remains one of the popular coins despite the crypto bear market and its resilience has seen it garner a significant following. And now, after a long and stretched-out downtrend, a crypto analyst has sounded the buy alarm for the meme coin, giving reasons for this. Time To Buy Dogecoin? According to a crypto analyst known as Kaleo on Twitter, Dogecoin\u2019s current range is a good place to buy. The reasoning for this revolves around expectations that billionaire Elon Musk will integrate the meme coin as a payment method for Twitter. Related Reading: Ethereum Whale Transfers To Exchanges Suggest More Selling Pressure For ETH This comes after the billionaire recently incorporated the infamous DOGE logo on his Twitter profile, placing it next to X, the new symbol for the social media platform. And as Kaleo points out, \u201cThere\u2019s a solid chance he actually does something this time though, and him including it in his bio at the same time as the X rebrand isn\u2019t just a coincidence.\u201d However, the analyst also points to the fact that this may not be a completely smooth ride for the altcoin. For example, Kaleo explains that Dogecoin\u2019s current rally could reach a cool-off period where it falls in line with the general crypto market trend. But he added that it would be a good idea to \u201caccumulate on any dips we get from here.\u201d DOGE surges 9% to $0.077 | Source: DOGEUSD on Tradingview.com What Happens To DOGE If It Is A Payment Method On Twitter? Dogecoin becoming a payment method on the Twitter platform (now X) has been long-awaited by not just the DOGE community but the broader crypto market. This is because such an integration will give the cryptocurrency its most significant use case to date, while also exposing it to the hundreds of millions of users of the social media platform. Historically, whenever Elon Musk has tweeted about the meme coin, it has led to a rapid increase in price. So it is expected that such an announcement of Dogecoin being a verified payment method on Twitter will lead to an at least 100% rally for the digital asset. Related Reading: Bullish Signal: Whales Accumulate Massive Amounts Of ARB If DOGE were to be integrated as an accepted form of payment on Twitter, it is possible that the price of the meme coin will rally toward $0.2. However, \u201cit\u2019ll happen fast, and the entire timeline will say it was obvious in retrospect,\u201d Kaleo explains. For now, DOGE\u2019s price is still trending at\u00a0 $0.077, a 9% increase from its Monday price, according to data from Coinmarketcap. Nevertheless, DOGE remains the 7th-largest cryptocurrency with a market cap of $10.89 billion. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":544314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,88694,7,79599,79600,4257],"class_list":["post-544296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-payments","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-twitter"],"acf":[],"yoast_head":"\nCrypto Analyst Says It\u2019s Time To Buy Dogecoin, Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Dogecoin remains one of the popular coins despite the crypto bear market and its resilience has seen it garner a significant following. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Says It\u2019s Time To Buy Dogecoin, Here\u2019s Why","url":"http:\/\/wncen.com\/news\/dogecoin\/analyst-says-its-time-to-buy-dogecoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/analyst-says-its-time-to-buy-dogecoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1318513754.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1318513754.jpg?fit=1409%2C744"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge payments","dogecoin","dogeusd","dogeusdt","twitter"],"dateCreated":"2023-07-25T23:00:00Z","datePublished":"2023-07-25T23:00:00Z","dateModified":"2023-07-25T23:00:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Says It\\u2019s Time To Buy Dogecoin, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/analyst-says-its-time-to-buy-dogecoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/analyst-says-its-time-to-buy-dogecoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1318513754.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1318513754.jpg?fit=1409%2C744\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge payments\",\"dogecoin\",\"dogeusd\",\"dogeusdt\",\"twitter\"],\"dateCreated\":\"2023-07-25T23:00:00Z\",\"datePublished\":\"2023-07-25T23:00:00Z\",\"dateModified\":\"2023-07-25T23:00:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-1318513754.jpg?fit=1409%2C744","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/544296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=544296"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/544296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/544314"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=544296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=544296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=544296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}