Elon Musk, the mercurial CEO of Tesla and now a department head of DOGE, is grabbing central headlines for multiple reasons. His tenure as an official DOGE head is all set to commence in January. The speculatory spree is expecting Musk to bring elemental changes to the crypto landscape while reshaping the social domain by integrating Dogecoin payments on X. If that happens, here is the list of three cryptocurrency tokens that may note a surge based on hype and FOMO that the aforementioned development may create for a while.
Also Read: $3 Trillion Gold Find: Will El Salvador Turn It Into Bitcoin Reserves?
Three Coins That May Rise If Musk Adds Doge to X Payments
1. Shiba Inu (SHIB)
Source: Watcher Guru
Shiba Inu is currently one of the most trending meme coins to interact with. The token has shown its mettle multiple times, especially at times when the crypto market enters into any euphoric development. If Musk manages to add Dogecoin as a viable payment method for X, the positive development could usher in a wave of optimism within the market, helping coins like SHIB gain significant attention and traction.
For now, per CoinCodex, Shiba Inu may note a modest uptick of 0.66% to sit at a new price of $0.00002703.
Source: CoinCodex
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 0.66% and reach $0.00002703 by January 10, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 74 (Greed). Shiba Inu recorded 17/30 (57%) green days with 9.30% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
2. Bitcoin (BTC)
Source: Watcher Guru
Musk’s decision to add Dogecoin as a credible method of payment on X may usher in an overall positive outlook for the cryptocurrency domain in general. The move may display a practical use case for the cryptocurrency domain, bolstering Bitcoin’s price in the process. This may bring in a new era for the market, full of price upswing and new patterns.
Per CoinCodex, BTC may note a surge of 16% to hit a new price mark of $112K by the end of December 2024.
Source: CoinCodex
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 16.03% and reach $ 112,994 by January 10, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 74 (Greed). Bitcoin recorded 16/30 (53%) green days with 4.40% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
Also Read: USDC Alliance: Binance, Coinbase, and Circle Take on Tether
3. Ethereum (ETH)
Source: Unsplash
As a blockchain that harbors the majority of new cryptocurrency tokens and meme coins, Musk’s addition of doge as a payment option on X may propel creators to make new meme coins on Ethereum and later float them into the positive crypto market momentum for them to gain further traction. This ripple effect may help ETH surge in the process, all while helping the market gain new momentum through new tokens and value cases.
Source: CoinCodex
Per CoinCodex, Ethereum may surge 15% to hit a new price mark of $4232.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 15.76% and reach $ 4,232.12 by January 10, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 74 (Greed). Ethereum recorded 13/30 (43%) green days with 8.34% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a good time to buy Ethereum.”
Also Read: Binance’s BNB To Breach $1000, Hit New ATH: Here’s When
