Dogecoin next target 0.45000 $

It has taken a central place in DOGE since Tuesday on the Coinbase blog, after the statement that traders on its Pro platform can start trading cryptocurrency as early as Thursday. Investors and traders will continue to be cautious in the long run. Still, this debut will eventually have some ability to attract traditional investors, not just an army of Robinhood and Reddit, said Edward Moia, a senior market analyst at Oanda. We had consistent net customers on Dogecoin, which indicates the general bullishness around it because it is gaining popularity in all demographic categories, said Voyager CEO, Steve Ehrlich.
Some analysts see the lack of a basis as a possible deterrent to gathering around DOGEcoin. And technical information suggests that they will turn even more despite the short-term rejection.
Dogecoin entered the brains of traders and investors primarily after receiving support from Elon Musk. Tesla’s founder and CEO posted tweets in support of Dogecoin insofar as he eventually called himself a “Dogefather” jokingly, while also recently stating that he was the master of Dogecoin.

Musk’s popularity has become key in increasing DOGE / USD’s capitalization by more than 15,300% in 2021, and its market capitalization has reached $ 92 billion, surpassing even Airbnb and Infosys.
Excessive price increases have also caused fear, uncertainty, and suspicion or FUD of a potential bubble burst. After Musk called Dogecoin “crowded-boring” during his television appearance on Saturday Night Live on May 8, panic almost engulfed the market, which led to a 45% drop in prices over the next three-day sessions.
The sale was further intensified on May 19 amid a brutal sale across the crypto market. Dogecoin fell to $ 0.29, up more than 74% from a low of $ 0.76. The pseudonymous analyst announced that Dogecoin is in the third phase of the massive bubble before bursting – the hyper phase – which will soon follow with the phases of deflation and sales panic.