The wait looks to be over, as the bull market has erupted and Dogecoin (DOGE) has taken the market by storm. The analysts who were going bullish on DOGE have been proven right, as it has touched to skies.
A day before yesterday, Dogecoin in a tweet announced that as per the demands of their users, they have looked after their concerns and the core team have decided that there should be someone who should manage Dogecoin and they need a CEO. Someone who can lead the meme coin into the future while maintaining the core values of what they have. The names which were nominated by DOGE for voting included Vitalik Buterin, Charlie Lee, Elon Musk, and Marshall Hayner. Elon Musk got the highest number of votes.
Elon Musk, one of the world’s leading entrepreneurs and the CEO of Tesla Inc. and SpaceX in his recent re-tweet to Dogecoin’s tweet, stated that Dogecoin might be the best crypto in the market and is pretty cool to look forward to.
So, we might be seeing the future leader of the Dogecoin network and the digital asset has once again proved its worth in the market, as it has outclassed most of the altcoins.
As per one of DOGE’s leading developers, they are getting back to simpler things like writing code and 1.14v is waiting on Max to review a change, but 1.17v work continues this week. So, it’s not just in the market that Dogecoin is all alive, they have plenty of work do to.
The basic thing that will always push Dogecoin to reach its limits is its real-world usage. This makes the joke coin much superior from the rest of the cryptos. This was the main reason why cryptoanalysts were going bullish on DOGE in the past.
The reason for this bull run is the comeback of BTC, as it almost touches $5K, in the last 24 hours. It is not that the bull market has arrived suddenly, from past few weeks it was sensing that there could be a bull run soon and today it has finally arrived. The short-term investors would have made a lot of profit from this bull run, but this is just the promo of the crypto market, there is still a lot to come in the coming years.
At the time of the press, Dogecoin (DOGE) was amongst top three leading cryptos in the market. In the last seven days, it has surged up to 62% which is massive and in the last 24 hours, DOGE has risen up to 32%. Currently, it was trading at $0.0033 USD with a market cap of $397 million and a trading volume of $88 million.