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.
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.
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.
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.
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