Doge coin is one of the world's oldest crypto currencies.
When it comes to rating, it is also one of the top twenty Crypto currencies.
It has a market capitalization of almost $8.5 billion.
Doge currency has been making headlines after it received endorsement from "Elon Musk," the world's richest billionaire and founder of Tesla and SpaceX.
Elon Musk's tweets have affected the price of the doge token several times in recent weeks.
Similarly, Elon Musk tweeted today, "SpaceX is going to place a literal Dogecoin on the literal moon."
See the graph below, which was collected from the Binance exchange.
We can clearly observe how the price rose quickly at one point and subsequently fell.
The adjustment we noticed was from $0.053xx to $0.07.
If you don't already know, this happened following Elon Musk's tweet, but the price quickly dropped after that.
People have begun to believe that Elon Musk's post will increase the price of the currency, which is why, at the time of the tweet, several significant investors attempted to manipulate the price.
That was my initial thought, however the manipulation didn't appear to operate as intended.
So, moving on to the last half of my post, which is my forecast for the future, I believe the doge coin will rise. So, moving on to the final half of my piece, which is my forecast for the future, I believe the doge currency will rise somewhat, maybe to $0.06xx.
Let's see whether Elon Musk sends out additional tweets and if this has an impact on the stock price.
I would advise against investing based only on today's events.
Everyone, have fun trading
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