A popular TradingView analyst, Sergey Zhukov, explained that someone should not bet against the altcoin because its rate may go up soon.
Experts might not agree with the opinion of the editorial board. The “RBC-Crypto” does not give investment advice, it is only published for introductory purposes. Cryptocurrency is a volatile asset that can lead to financial losses.
In May, cryptocurrency exchange Coinbase announced that it would allow trading in altcoins. The fact that the CEO of Tesla and SpaceX is also trading in DOGE only makes this more popular.
Not so long ago, the person who created Digital Currency Group said that he was going to sell a short position on the meme cryptocurrency and challenge Elon Musk’s support. He had done this before for Tesla shares which did not succeed.
The value of Dogecoin will probably go up to $1 when it is listed on Coinbase. It is possible that the price will grow and that there will be a lot of trading in the coming weeks.