Dogecoin Soaring: Is it a Short-Term Bounce or a Healthy Upswing?

• Dogecoin Price is recording massive bullish candles, aiming for an 8x to 10x rally and trade close to its highs.
• Elon Musk has played a major role in the crypto volatility, recently purchasing $1.5 billion of Bitcoin which has stirred up the entire crypto world.
• Elon Musk is a South African electromechanical engineer, pilot, sailor and property developer who co-founded, Space X and Tesla.

Elon Musk and Dogecoin Price Analysis

Elon Musk’s relationship with cryptocurrencies has caused immense crypto volatility over the past few days, leading to Dogecoin price recording massive bullish candles.

This may potentially lead to an 8x to 10x rally in price and cause it to trade close to its highs.

Who is Elon Musk?

Elon Musk was born on June 28, 1971 in Pretoria, South Africa. He graduated from the University of Pennsylvania earning bachelor’s degrees in Arts and Physics as well as Wharton School earning bachelor’s degree in Science and Economics.

He is renowned for his innovative spirit which earned him the Axel Springer Award – an annual award given to remarkable personalities who are extremely innovative.

Musk co-founded Zip2 (a web software company), (an online financial service), Space X (space transportation services) and Tesla (an electric vehicle). Additionally he founded SolarCity and The Boring Company.


Recent Crypto Volatility Caused by Elon Musk

Recently Elon Musk purchased $1.5 billion worth of Bitcoin which sparked major crypto volatility across the market – particularly with Dogecoin which experienced enhanced volatility.

His tweets have been responsible for increased interest around cryptocurrencies as well as major swings in prices due to their influence on investors.


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