Following the news that Elon Musk is acquiring Twitter for $45 billion, his beloved cryptocurrency Dogecoin (DOGE) reacted with upward price spikes before correcting and fixing at $0.13.
Nevertheless, the CoinMarketCap cryptocurrency community predicts that the original token meme will trade at an average of $0.1538 by the end of May 2022. There were 1,872 votes for that figure.
777 community votes set a lower target of $0.01042 for DOGE at the end of June, which is 7.41% higher than the current price.
Based on estimates from the previous six months, the cryptocommunity predicted the Dogecoin price to be 69.39% accurate.
According to CoinMarketCap, DOGE is currently trading at $0.1405 with a daily gain of 1.18% and a weekly loss of 0.73%.
Overall, the community is quite optimistic about Dogecoin, perhaps because of Musk’s purchase of one of the largest social media platforms.
Perhaps for this reason, Dogecoin transfers over $100,000 reached a four-month high of 2,440 transactions on April 26.