Matt Wallace, a well-liked YouTuber who covers Dogecoin (CRYPTO:DOGE) and different cryptocurrencies, joined Benzinga’s “Energy Hour” present a number of weeks in the past.
“Proper now Dogecoin is at a spot the place it nonetheless has a ton of room to develop,” Wallace stated throughout the Could 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 complete interview within the video under:
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 under 30 cents on Could 23, earlier than rapidly leaping again up 35 cents.
At the moment, the coin is buying and selling close to 40 cents. Many others like Wallace count on 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 whole market cap of crypto has gone from $2.5 trillion to round $2 trillion.”
The YouTuber went on to match 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’ll see the coin again at 75 cents: “It’s already been to 75 cents earlier than, it could possibly do it once more.”
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