- Billy Markus, Elon Musk, and Robinhood executive Vladimir Tenev recently debated improvements in the meme token.
- Crypto experts trust DOGE is ready for breakouts, projecting a bullish attitude for the dog crypto.
- DOGE price recovered losses incurred over the previous two weeks, surging 2%.
Dogecoin saw its outlook turning massively bullish amid increasing adoption and lucrative utility. Renowned crypto leaders and influencers such as Vladimir Tenev, Elon Musk, and Billy Markus recently debated possible upgrades to the canine-themed crypto.
DOGE Price Ready for a Surge to $0.20
Dogecoin seems ready to extend its recovery following the latest bloodbath in the crypto market. While alts in the top 30 crypto-list struggle to erase losses, meme coins and metaverse assets, including Shiba Inu and Dogecoin, launched a comeback.
Tesla executive Elon Musk, Robinhood Chief Vladimir Tenev, and DOGE’s co-founder Billy Markus recently debated future improvements on the original meme coin. Tenev asked his Twitter followers whether $DOGE could be the currency of the people and the internet in the future. He contemplated upon this question after introducing Dogecoin transactions on Robinhood.
The commission-free app’s CEO trusts fast block time is essential to running PoS (Point-of-Sale) transactions. That would fuel amplified DOGE adoption.
Robinhood CEO posted that Dogecoin’s current 1 minute block time is longer. Tenez trusts that 10-second block finalization is more complaining. Meanwhile, Markus reacted to these suggestions and concerns, backing the one-minute block time. He added that the duration prevents challenges. Elon Musk trusts speed and security remain necessary for the DOGE network.
Cryptocurrency experts examined Dogecoin’s price bias and forecasted an upward rally towards $0.20. Analysts at FXStreet observed DOGE stuck in the $0.13 – $0.15 range. Breaching the support floor at $0.13 and creating lower lows plus higher peaks might push it past hurdles towards the $0.20 target.
For now, DOGE seems to struggle with bearish tendencies as the overall marketplace flashes downtrends. The alt appears on the recovery journey amid the latest positive sentiments. The global cryptocurrency market capitalization surged 0.52% over the past 24hours, standing at $1.88 trillion.