Elon Musk’s Net Worth Surpasses $400 Billion, Is Dogecoin Set to Break $10?

Benefiting from the news that the Federal Reserve is about to cut interest rates again on December 11th (Eastern Time), the U.S. stock market surged across the board, causing Musk, who owns SpaceX and Tesla, to see his net worth soar by another $50 billion, making him the first person in the world to reach a net worth of $447 billion, far exceeding the second-place Bezos with $249 billion. Some cryptocurrency experts optimistically predict that Dogecoin could reach $1.50 within the next four weeks and may reach $10 by 2025.

Dogecoin has soared nearly four times in the past two months. Although it is currently undergoing a corrective pullback, this remarkable rally has prompted investors to wonder how high Dogecoin’s price could climb. At present, the psychological barrier appears to be the $1 mark. However, Dogecoin’s strong growth potential leads traders to believe that its price could reach $1 by the end of this bull market cycle. Technical analysis shows a strong accumulation range between $0.36 and $0.38, and with Elon Musk officially taking on the role of Minister of Government Efficiency in the Trump administration, Dogecoin is ready to soar.

Regarding the confidence in Dogecoin’s continued rise, the recent words of Bitget’s Chief Analyst Ryan Lee were as follows: Dogecoin could be on the verge of another rise, thanks to Elon Musk’s continued influence keeping DOGE in the spotlight.

For prudent investors who are optimistic about DOGE, mining DOGE is also an ideal investment method. Taking a coin price of $0.4 as an example, using the ANTMINER L9 16GH to mine, the daily revenue is about 129 DOGE, worth about $52. At an electricity price of 6 cents, it will pay back in about 290 days. Using the ANTMINER L7 9.5GH to mine, the daily revenue is about $31, and at an electricity price of 6 cents, it will pay back in about 300 days. In addition, these two ASICs can also obtain LTC and BEL at the same time.

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Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

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