Crazy Assumption For Dogecoin: Suddenly Up 5,000 Percent!

Predatory claims continue to come for altcoin Dogecoin (DOGE), which stood out with its rise last week. Matt Wallace, a Dogecoin influencer, claims that DOGE will rise to $69. Here are the details…

High assumption came from Dogecoin influencer

Wallace, an active individual in the Dogecoin ecosystem, assumes that DOGE will surpass the $69 price point. He shared this claim in his tweet today. This tweet came two days after he and his wife ran a $69 DOGE raffle. It is worth noting that 69 is one of the most recognizable chest numbers and is relevant for the Dogecoin chest community. In August, DOGE co-founder Billy Markus said that Dogecoin could not break away from the $0.069420 price point, either accidentally or on purpose.

As a result, it’s unknown whether the influencer known to make predatory Dogecoin assumptions matters. Wallace appears to be deeply affected by the change in DOGE’s on-chain information. Yesterday he argued that anything is possible due to the 5,000 percent jump in chest coin volume. Several members of the DOGE community appreciated Wallace’s tweets about the rise in DOGE. But some had a difficult time taking the influencer seriously. Just two days ago, Wallace updated the DOGE price target to $7 for this latest pump.

He bet for 1 dollar

Wallace launched his YouTube channel Final Stand in 2018. This channel was dedicated to Dogecoin. It has since amassed more than 243,000 followers. He was particularly notable for betting that the chest coin would surpass $1 by June 2022. But we all know what happened in June of 2022. After the collapse in the Terra ecosystem and macroeconomic developments, many cryptocurrencies were hit alongside Bitcoin. Of course, DOGE was also affected in significant form.

Koindeks.com As we reported, the latest DOGE rise came with Elon Musk’s acquisition of Twitter. Individuals in the ecosystem believed that the chest coin would be integrated into Twitter, leading to a rise in price. Some expect DOGE to be used as a payment or tipping method on Twitter. The chest coin is up 107 percent in the last seven days. Twitter jumped from around $0.06 to $0.1231 in the days before the completion of the purchase reconciliation.

Dogecoin also added about $7 billion to its market cap. As a result, it became the 8th largest cryptocurrency by market cap. Therefore, it surpassed Cardano and Solana in 8th and 9th places. DOGE is now in 8th place, while Cardano and Solana are in 9th and 10th place respectively. Meanwhile, various data show that 62 percent of DOGE owners are in profit.

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