All eyes are once again on a possible Dogecoin rally in the wake of Jacob Crypto Bury\u2019s view that DOGE is primed to take off should the crypto market heat up and Bitcoin post new highs. The coin\u2019s next move is of particular interest given the influence of Elon Musk and the support it receives from social media.<\/p>\n
There is more to Dogecoin than its meme origins; it has a strong community behind it. An audience of 4.3 million on Twitter testifies to the brand\u2019s viral appeal. And even with no new features being introduced, the concept is distinctive enough and the fans online make enough noise to keep attention on Dogecoin.<\/p>\n
Elon Musk is perhaps the single biggest factor in what the price does, says Jacob Crypto Bury. The head of Tesla and SpaceX often shares his views on Dogecoin publicly, and one can expect investor interest and the token\u2019s price to react immediately. In short, Dogecoin is at the mercy of Musk\u2019s tweets or interviews for a sudden upturn or downturn.<\/p>\n
Bury believes that the direction of the broader cryptocurrency market will determine if Dogecoin makes a run for it. A new all-time high from the likes of Bitcoin could well set off a rally in altcoins, and Dogecoin is a frontrunner to participate. It is not uncommon for Bitcoin to put some wind in the sails of alternative coins, and with its profile as a meme coin, the effect may be magnified in the coming bull run. For Bury, the outlook for any fresh momentum in Dogecoin is contingent on how BTC performs.<\/p>\n
This article reflects the channel author\u2019s opinion and is not investment advice.<\/em><\/p>\n Every call by Jacob Crypto Bury and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 Jacob Crypto Bury: https:\/\/www.youtube.com\/shorts\/3gagCmb9340<\/a><\/em><\/p>\n <\/p>\n Explore how you can practice trading Dogecoin and Bitcoin risk-free using our crypto trading simulator to prepare for potential market rallies. Practice trading DOGE<\/a>.<\/p>\n <\/p>\n