Matt Wallace, a preferred YouTuber who covers Dogecoin (CRYPTO:DOGE) and different cryptocurrencies, joined Benzinga’s “Energy Hour” present a couple of weeks in the past.
“Proper now Dogecoin is at a spot the place it nonetheless has a ton of room to develop,” Wallace mentioned through the Might 17 present. “We see Elon Musk working with the Dogecoin devs behind the scenes a ton is occurring with that. I’ve been speaking to the Dogecoin devs they’re working to make it sooner.”
Watch the total interview within the video beneath:
On the time Wallace joined the present, Dogecoin was buying and selling round 50 cents. Since then, Dogecoin has dropped and been turbulent. The favored coin briefly dropped beneath 30 cents on Might 23, earlier than rapidly leaping again up 35 cents.
Presently, the coin is buying and selling close to 40 cents. Many others like Wallace anticipate the coin to proceed to develop as extra merchants achieve entry to buy the coin. This week, Coinbase introduced customers on Coinbase Professional will have the ability to commerce Dogecoin.
Wallace identified that the general crypto market noticed successful: “The entire market cap of crypto has gone from $2.5 trillion to round $2 trillion.”
The YouTuber went on to check crypto’s complete market cap to gold’s, saying he expects the crypto market cap to develop nearer to $10 trillion.
Regardless of Doge’s struggles to carry its highs, Wallace is assured we are going to see the coin again at 75 cents: “It’s already been to 75 cents earlier than, it may do it once more.”
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