Cryptocurrency trader Bluntz has made a bold prediction for the meme coin Dogecoin (DOGE), projecting a massive price surge against Bitcoin (BTC).
In a recent Tweet, Bluntz noted that the DOGE/BTC pair is at a “pretty interesting weekly level” and that betting on the bottom of Dogecoin is “never a bad bet.”
Despite acknowledging that the DOGE/USD pair looks like a “hot fucking mess,” Bluntz believes the DOGE/BTC pair is “gearing up for a revenge pump of probably 100% or more.”
He added that not having a bag of Dogecoin would be “negligence” on his part, especially after the USD pair broke out after four attempts.
Dogecoin, which started as a joke, has become a significant player in the cryptocurrency world. With a market capitalization of over $12 billion, it is one of the largest cryptocurrencies in the market.
This sudden surge in interest can be attributed to the coin’s growing community and support from famous personalities like Elon Musk and Mark Cuban.
Dogecoin’s success showcases the growing influence of meme coins in the world of cryptocurrency. With its massive potential for growth and a strong following, it’s no wonder Dogecoin will be touted as a top investment opportunity soon.
Twitter’s Payment Plans Boost Dogecoin Price
Twitter’s recent plans to launch a payments platform and gain regulatory licenses have given a boost to the price of the popular meme coin Dogecoin (DOGE).
The move made by CEO Elon Musk to diversify revenue streams and launch an “everything app” has caused an 8% surge in the price of Dogecoin. As per CoinMarketcap, it is currently trading at $0.09219 with a massive growth in the trading volume, which is about 146.62% in the past 24 hours.
Twitter’s director of product management, Esther Crawford, is leading a small team to map out the architecture for payments on the platform and create a secure vault for storing user data.
The company has registered as a payments processor with the US Treasury and is in the process of obtaining the necessary state licenses to launch the service.
Twitter aims to complete the regulatory checks within a year and then expand internationally, but the move into payments faces competition from established players like Venmo, Cash App, and Zelle, as well as high levels of regulatory scrutiny.
There are also concerns about the challenges and costs of adopting new technology, complying with regulations, and gaining consumer trust.
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