ELON Musk has sent fans into a frenzy after tweeting a pic of himself with the dog featured in the dogecoin meme.
He joked: “Found this pic of me as a child.”
One wit warned that “‘Catcoin’ isn’t far off.”
Cryptocurrency analyst Motiur Rahman believes Dogecoin’s price will continue to surge.
On the Daily Forex website, he wrote: “Dogecoin is one of the oldest cryptocurrencies in the market.
“It started as a joke, and the developer team even abandoned it a few years ago. However, since 2020, Elon Musk started showing an interest in it, and this created excitement around Dogecoin.
“Based on price action, it is anticipated that Dogecoin will rebound as investors are expected to get back into the market.”
Dogecoin, which is trying to shed its image as a joke cryptocurrency, has soared more than 8,000% in 2021.
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