DOGE TO THE MOON?

Dogecoin was created as a joke, but is it something to be laughing about now?

Dogecoin rose by 36% in value compared to where it was on Monday, May 3, which contributed to a 95% rise over the entire week, Forbes reports.

The meme-based cryptocurrency was valued at $69 billion, which made it “worth more than gaming company Nintendo, car maker Mitsubishi and bank Santander,” according to Forbes.
In recent days, Dogecoin was worth more than Honda, Twitter and Ford because of the recent surge in value.

According to Fast Company, Dogecoin has risen 5,000% in value since the beginning of 2021. It was worth $0.005 on Jan. 1, 2021

Crazy right?

After analyzing dogecoin we can see that the bullish run is far from over and with May 8 approaching fast, where Elon Musk is suppose to be discussing Dogecoin, will we be seeing that 1$ mark?
According to my analysis, I think yes! It has a lot more room as you can see with my cloud and has two strong trend supports.

Carol Alexander, a finance professor at the University of Sussex Business School in England, said she expects Dogecoin to keep rising, especially as celebrities such as Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban continue to talk about it.

It helps, too, that the trading app eToro recently added Dogecoin to its cryptocurrencies for trade because of high client demand, also the Oakland athletics began accepting Dogecoin for ticket purchases as well.

Time will tell...