The post Dogecoin Surge: Will Elon Musk’s Trillion-Dollar Dream Push It to $1.60? appeared first on Coinpedia Fintech News
Dogecoin has been one of the top-performing meme coins recently, showing a solid uptrend. On September 22, DOGE was priced around $0.1078, staying in that range for a few days before seeing a surge of 19% in a week. This surge has caught the eye of investors, predicting that Doge to hit $0.2 soon.
Meanwhile, Elon Musk, a big supporter of Dogecoin has hinted at his ambitious goal of becoming the world’s first trillionaire. So could Musk’s passion for DOGE propel it to new highs?
Dogecoin Active Addresses & Volume Surge
Following Bitcoin’s price movement, DOGE surged to $0.1313 on September 28 before settling at around $0.1239. However, the coin’s growth is also reflected in a surge of daily active addresses, jumping from 50,124 to 52,211 in just 24 hours.
This rise shows increasing interest from both retail and institutional investors, adding to the confidence in Dogecoin’s ongoing rally. Meanwhile, trading volume has also surged to $2.07 billion, marking a 0.35% increase. If this trend continues, it could help Dogecoin reach its target of $1.60.
However, there’s a cautious note, Open Interest has dropped by 2.63%, now at $726.26 million. This suggests that some traders are locking in profits, which could affect future momentum.
Elon Musk’s Trillion-Dollar Vision
Meanwhile, Billion Entrepreneur Elon Musk has shared his ambitious goal of spending billions to make humanity a multi-planetary species. Recently, DogeDesigner, a Dogecoin team member, highlighted Musk’s growing wealth, predicting it could surpass $1 trillion.
While Musk hinted that his goal is “to get humanity to Mars and preserve the light of consciousness.” However, later Musk responded to the tweet, stating That’ the Goal.”
Musk has consistently emphasized the importance of building a self-sustaining city on Mars, crucial for humanity’s survival. He revealed plans to launch uncrewed Starships to Mars within two years, with crewed missions possibly following in four years.
Challenges may delay these missions, but Musk believes it’s vital for protecting humanity from potential disasters like asteroid impacts or global catastrophes. As a vocal Dogecoin supporter, Musk’s vision extends beyond Earth, aligning with his commitment to futuristic advancements.
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