Dogecoin (DOGE) is hinting at a potential spike after posting a modest 4.1% gain over the past 24 hours, a day before tech mogul Elon Musk delivers his speech to the US Congress. The price of DOGE has benefited significantly from Musk’s support and occasional mentions on social media platforms. With the upcoming speech to Congress, market watchers are wondering if this could push DOGE to break the $1 mark.
Meanwhile, the young altcoin JetBolt (JBOLT) continues its rapid rise in the blockchain space. JetBolt has sold over 100 million tokens since its presale began, supported by a wide range of cutting-edge features such as zero gas technology. Could Musk provide the boost Dogecoin needs to surpass $1? And can JetBolt maintain its pre-sale momentum? Let’s find out.
Dogecoin Price Forecast: How High Can Elon Musk Pump DOGE?
After witnessing an astonishing 158.9% price rise over the past month, Dogecoin (DOGE) could be gearing up for more explosive action.
As Elon Musk prepares to address Congress on December 5, 2024 on the future of US governance and economic policy, Dogecoin saw a slight gain of 4.1% a day before his speech foreseen. Whispers continue to grow about how Musk could potentially influence DOGE‘s price after this political speech.
Two weeks ago, DOGE’s value soared after Musk was announced as co-director of the Department of Government Effectiveness (DOGE), an agency that President-elect Donald Trump plans to create during his next term .
The DOGE department was a nod to the popular meme and cryptocurrency DOGE, which Musk called his “favorite” coin and which he even accepted as payment by his company, Tesla.
After trading at around $0.1681 in early November, Dogecoin (DOGE) surged to $0.44 on December 5, 2024, as shown in this price chart from CoinMarketCap.
At press time, DOGE is trading at $0.43. If strong buying momentum continues, it needs to reach a price range between $0.68 and $0.72 before it can start a parabola. $1 rally.
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In a nutshell, Musk’s influence could either help propel the coin to glory or leave it stagnating in its familiar territory below $1.
JetBolt Soars as Presale Surpasses 100 Million Tokens Sold
As Elon Musk’s involvement in political discussions catalyzes renewed interest in Dogecoin, a next-generation altcoin, it sparks interest among blockchain whales and buyers in young and innovative tokens: JetBolt (JBOLT).
Charting its own path to glory, JetBolt has sold over 100 million tokens since launching its presale. What’s game-changing is its cutting-edge features.
One of JetBolt’s key innovations is zero gas technology, which allows crypto users to transact without the hassle of expensive gas fees. This high-tech feature is also revolutionary for developers, who can effortlessly create various innovative blockchain applications without being held back by high gas fees.
The intuitive cryptocurrency staking platform is another feature that could fuel the massive whale buying activity on JetBolt. This gives punters the opportunity to passively earn cryptocurrencies and get bonuses when they connect with friends or contacts on the platform.
Beyond blockchain technology, JetBolt also leverages the power of AI. In fact, the news and information tool JetBolt, which provides users with crypto news and latest market developments, is powered by AI.
Additionally, blockchain whales and crypto buyers are eagerly accumulating JetBolt (JBOLT) tokens due to attractive presale benefits. 25% more tokens await early adopters if they purchase JetBolt (JBOLT) tokens in batches or purchase Alpha Boxes.
Already an interesting crypto due to its huge presale milestone despite being relatively new, JetBolt’s features make it an even more notable coin to watch ahead of 2025.
Conclusion – Dogecoin Price Prediction and JetBolt’s Rapidly Expanding Presale
Dogecoin has seen notable price increases over the past month. However, DOGE’s potential rise to $1 and sustained growth may require more than external hype like Musk’s upcoming speech to Congress. Meanwhile, JetBolt (JBOLT) continues to gain traction with whales, thanks in part to its new and innovative features and remarkable pre-sale numbers.
Check out the following links for more details on the ongoing JetBolt presale:
Official website: jetbolt.io
Page X/Twitter: https://x.com/JetBoltOfficial
This article does not offer financial advice. Always exercise caution and conduct thorough, independent research before acquiring any cryptocurrency. All crypto assets are inherently risky and can be very volatile.