Dogecoin price prediction reports claim that the crypto is about to break its US$1 resistance soon

Over the past couple of weeks, especially since Musk completed his Twitter deal, Dogecoin has been soaring. The volatile memecoin is now touted as a standout performer rallying with over 150% profit and is creating more buzz in the crypto market than ever before. Despite the uncertainty around the bull run of other cryptocurrencies and the FTX drama, more and more investors are buying Dogecoin to ensure that they do not miss out on the profits that it will generate in the coming months. According to Dogecoin price prediction reports, a massive Dogecoin rally to US$1 is expected in the coming months. Even though the domino effect of the FTX crisis has made investors worried about the potential collapse of the crypto market, the Dogecoin price is making significant moves. Almost all analysts examining Dogecoin price prediction reports claim that DOGE has a high potential to cross the pertinent US$1 barrier, but only if it continues to its current momentum.

Rumors of the Musk and Buterin Partnership are Pumping DOGE

 Recently, there have been speculations that Elon Musk and Vitalik Buterin are partnering up to help make Dogecoin an all-in-one cryptocurrency that will beat all other digital assets in the market, including Bitcoin. Based on David Gokhshtien's perspective, the founder of GokhshtienGokhshtien Media, the two crypto heavyweights will collaborate to make this meme-turned-cryptocurrency into something serious that would be considered by thousands of investors as a long-term investment. The speculations about the Musk and Buterin partnership itself is helping Dogecoin to skyrocket, we can only imagine its impact on the crypto if the duo actually decides to work together.

Besides these partnership rumors, the Dogecoin price also got a hefty acceleration from a tweet by the new Twitter owner that included a couple of slides demonstrating his talks with the company's executives about the advancement of the company. By taking pointers from these slides, analysts claim Twitter might introduce an in-app payments system. However, Musk is not revealing many details about this initiative, in fact, he hasn't even confirmed these claims yet. Nevertheless, the DOGE community is getting what it wants, a massive push in Dogecoin's journey to reach US$1.

But will Dogecoin's Prospects Diminish After the Elon-Twitter Effect Shrinks?

 Judging by Dogecoin's performance, it is only a matter of time before the memecoin attains its much-anticipated US$1 mark. However, the token's popularity mostly exists because its popularity is driven by Elon Musk. The question is, will the crypto still continue with its current momentum even after the Elon-Twitter ordeal blows over? Dogecoin's performance in 2021 has also been quite commendable, however, it could not attain key resistance points. Even though it looks quite possible this year, analysts are worried about the market's existing volatility. Anyhow Dogecoin's journey to US$1 is also not easy, the crypto has to face several of its unattainable resistances and continue with its momentum.

Quite suddenly, Dogecoin has garnered several new investors who joined the DOGE community looking for profits and hope that its price increases. Dogecoin has always been one of the most popular cryptos in the market, but now it's rubbing shoulders with mega-hit cryptocurrencies like Bitcoin and Ethereum. Dogecoin price analysts claim that the crypto's future is bright, however, investors should definitely continue to read and analyze the market thoroughly and then invest in these volatile digital assets.