Dogecoin Price Prediction as DOGE Hits 8 Month – Can DOGE Hit $1?

Dogecoin Price Prediction as DOGE Hits 8 Month Highs on Elon Musk’s Plans to Raise $1 Billion for X.AI – Can DOGE Hit $1?

Dogecoin (DOGE), the first major meme cryptocurrency that powers the decentralized layer-1 Dogecoin blockchain, hit eight-month highs above $0.095 on Tuesday, with sentiment rising on the news that Elon Musk’s X.AI company is set to raise $1 billion via an equity offering, as per a filing with the SEC.

X.AI is Musk’s new artificial intelligence start-up, which he announced earlier this year at the same time as he rebranded Twitter into X Corp.

Musk bought Twitter back in 2022 and has promised to turn the social media platform into an “everything app”, while he said he created X.AI to “understand the universe”.

Dogecoin is sensitive to news regarding Elon Musk, X and now seemingly his company X.AI because Musk has been a vocal supporter of the meme coin for more than two years, frequently tweeting about it, whilst also hinting that Dogecoin could play a role in powering future financial services on the X platform.

*Source: https://cryptonews.com/news/dogecoin-...
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