Why Dogecoin (DOGE) Price Prediction to $1 Is Possible After Musk Revelation

• Elon Musk revealed that he still holds DOGE, despite not being vocal about it.
• DOGE might continue moving between $0.08 and $0.09 in the short term
• If DOGE follows Bitcoin’s direction, it could hit $1 by 2025.

Elon Musk, CEO of Tesla and owner of X, disclosed that he was still in support of the Dogecoin (DOGE) community and still holds memecoin. The billionaire, who is also the CEO of SpaceX, said this in an X conversation. 

During the conversation, Musk mentioned that SpaceX holds Bitcoin (BTC), even though Tesla sold 75% of its holdings at some point. Musk’s support for Dogecoin goes as far back as 2019.

Furthermore, his support for the coin was one of the reasons the DOGE X community grew to 3.8 million. Following his reaffirmation, some DOGE holders are convinced that the coin price will hit $1.

DOGE to Trade Sideways

Coin Edition, in a recent article, predicted that DOGE might break the $0.1 mark in 2024. The prediction also mentioned that the coin price might cross the $1 mark between 2025 and 2026. However, if Musk continues to declare support publicly for the coin, the road to $1 might come earlier than projected. 

DOGE’s price at th…

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