Dogeswap Price Skyrockets 60%; Will Dogeswap Breach $5?

Dogeswap (DOGES) price in the last 7 days rises by 60%. After Tesla CEO Elon Musk unveils his plan to build his own smartphone. The Doge community continues to rise after Elon Musk acquires Twitter the market interpreted this as potentially good news for the Doge community. At the time of writing this piece, the live price of Dogeswap (DOGES) is $4.13.

Why DOGES price rise?

Dogeswap Defi DAO in a tweet on November 1, DOGES highlighted the importance of Elon Musk and gives credit for the recent pump in price. In addition to this Dogeswap price, the rise can also be linked to the rising acceptance of Dogecoin as a payment mode.

Notably, Coingape previously reported on December 8, the price of DOGE fell over the past four days. These losses clearly exceed those of market leaders Bitcoin and Ethereum as well as Dogecoin rival Shiba Inu. Thus, Dogecoin’s additional weakness may be caused due to the failure of Tesla.

Will Dogeswap breach $5?

DOGES (DOGES) is currently trading at $4.18 per share. As per the prediction from digitalcoinprice.com  if the ongoing rally continues DOGES price may reach to be worth around $4.98 which is very nearly to $5. The minimum price for December 2022 is $3.70. The average Dogeswap price in December 2022 is $4.63.

Dogeswap Live Price Update

DOGES is currently trading at $4.18 USD. Dogeswap has increased by 2.58% in the last 24 hours. The live market cap of DOGES is $83,568.04 USD. It has a circulating supply of 20,000 DOGES coins, and the maximum supply is unknown.