The meme coin market has been bustling with excitement as Dogecoin (DOGE) pumps following Elon Musk’s latest engagement with the DOGE community, while Mpeppe (MPEPE) continues its streak as a top gainer in the space. As Bitcoin stabilizes, both Dogecoin and Mpeppe (MPEPE) are poised to see significant gains, making them the meme coins to watch.
Dogecoin’s (DOGE) Musk-Driven Surge
Dogecoin (DOGE) has a history of being influenced by Elon Musk, and his recent engagement with the DOGE community has reignited bullish momentum for the meme coin. On September 9, Musk posted on X (formerly Twitter) alluding to DOGE being the official mascot for the “Department of Government Efficiency,” sending the Dogecoin (DOGE) community into a frenzy.
This playful tweet contributed to Dogecoin’s price recovering above $0.1, marking a significant psychological level for the meme coin. Musk’s influence on Dogecoin (DOGE) has been a driving force behind its price action, and his continued support further strengthens the coin’s position in the crypto market.
Why Dogecoin Recovered Above $0.1
Dogecoin’s (DOGE) recent recovery above $0.1 can be attributed to multiple factors. First, Bitcoin’s rise to as high as $58,000 provided a much-needed boost for Dogecoin (DOGE), which shares a strong positive price correlation with Bitcoin. As Bitcoin rallied, it paved the way for Dogecoin to rise, following the flagship cryptocurrency’s upward trajectory.
Additionally, Elon Musk’s renewed support for Dogecoin (DOGE) has had a direct impact on the coin’s price. His cryptic posts and playful references to DOGE have always led to market excitement, and this time is no different. Investors flocked back to Dogecoin (DOGE) following Musk’s latest tweet, driving the coin above the $0.1 mark.
Legendary Dogecoin Trader’s Bold Prediction
Adding to the bullish sentiment around Dogecoin (DOGE), a legendary Dogecoin (DOGE) trader recently made headlines by predicting that an AI-powered altcoin, currently in its presale stage, will outperform Shiba Inu (SHIB) in this market cycle. While Dogecoin (DOGE) remains a favorite among meme coin enthusiasts, the emergence of innovative altcoins is creating new opportunities in the space.
According to the trader, while Shiba Inu is showing signs of a potential 15% surge, the AI-powered altcoin, with its real-world applications and growth…
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