Tesla’s Investor Day: Dogecoin Price Could See Another Bull Rally Soon

Coingapestaff
February 28, 2023 Updated May 28, 2025
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Tesla’s Investor Day: Dogecoin Price To Spike Again

Tesla’s Investor Day: Right before the tech giant’s investor day, Dogecoin (DOGE) has proven to be a highlight performer of the day. The meme coin has successfully managed to flip Polygon and Binance USD in terms of market cap. Now, it is aiming to surpass Cardano (ADA) as many believe that Tesla’s Investor Day might push the Dogecoin price towards the bull run.

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Dogecoin Price To The Moon?

Dogecoin (DOGE) like the rest of the crypto market had a slow start to the year 2023. Its social sentiment has been on an uneven path for the past few months. The last time this meme coin really saw a good surge was back in October of 2022 when Tesla’s CEO Elon Musk completed his takeover of the social media platform Twitter.

Speaking of the social media platform, a crypto influencer by @Betterthanbing on Twitter recently shared some dogecoin price charts on Monday. He believes that DOGE has a strong use case, and it might witness a massive surge ahead of Tesla’s investor day.

Call me crazy, but March 1st Looks like a great day for #DOGE. We have Tesla’s Investor Day as a catalyst for this year! Look at the charts attached for 2021 and 2022! #dogecoin is going to the moon soon thanks to #elonmusk and #tesla @elonmusk Thanks for your help!

– Tametheark @Betterthanbing, (February 27, 2023)

With Elon Musk’s constant support and Whale’s interest, it is possible for the meme coin to reach new heights. But, only time will tell whether or not the current climb of DOGE is sustainable.

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On A Way To Surpass Cardano (ADA)

At the time of writing, the DOGE price was trading at $0.086. It is up 0.87% in the last 24 hours and 17.74% in the last 30 days. This gave the coin a market cap of around $10.9 Billion, making it the eighth-largest cryptocurrency by that metric, according to CoinMarketCap.

Source – CoinMarketCap

Cardano is the digital asset that Dogecoin could be seeking to surpass next, sitting as the seventh-largest crypto. ADA’s market cap is sitting at $12,645,296,268, a mere $1.7 billion ahead of DOGE, and potential within striking distance.

Also Read: Breaking: Ethereum Shanghai Upgrade Live On Sepolia For ETH Withdrawals

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.