Dogecoin-Bitcoin Pair ‘May’ Pump by 100%

Paigambar Mohan Raj

According to cryptocurrency trader “Bluntz,” the Dogecoin-Bitcoin (DOGE/BTC) pair will rally by 100% in a “revenge pump.” Furthermore, the trader notes that the DOGE/USD pair looks like a “mess” at present.

Bluntz asserts that it would be “negligence” not to have a position in Dogecoin (DOGE). The trader expresses confidence that its value would climb in the future. Some other traders agree with this viewpoint and believe that DOGE’s explosive development is a portent of things to come.

Dogecoin (DOGE) is currently the only non-stablecoin cryptocurrency project in the top 10 in the green over the last 24 hours. While Bitcoin (BTC) and Ethereum (ETH) have fallen by 1.4% and 1.6% in 24 hours, DOGE has gained 7.8% in the same time frame.

DOGE’s current gains are attributed to Twitter announcing its application for regulatory licenses to enter the US payments business. Many expect Dogecoin to play a part in Twitter’s payment feature, leading to increased buying. Twitter owner Elon Musk is one of the biggest DOGE proponents in the world. The billionaire’s tweets about the dog-themed token have often led to a surge in its price.

Read more: Will DOGE, McDonald’s & Elon Musk Come Together in 2023?

Will Dogecoin hit $0.10 in February?

In the coming weeks, the price of DOGE could continue to surge, given that the FOMC meeting moves positively. Otherwise, there could be a continued downward movement for the overall cryptocurrency market.

However, Twitter’s payment feature plans could propel Dogecoin (DOGE) to new heights. The social media giant has reportedly been attempting to apply for the permissions required to operate as a payment provider in the United States. Esther Crawford, Twitter’s head of product management, has been concentrating on the architecture of the new service in light of the study. Musk wants to make Twitter into an “everything app,” the story claims.

At press time, DOGE was trading at $0.092702, down by 1.1% in the last hour.