The world’s favorite meme crypto, DOGE, recovers towards the $0.31 levels. David Gokhshtein, an influencer, emphasizes that the recent DOGE upticks are in no way related to Elon Musk.
Dogecoin, ranked 8th by market cap and the most favored meme digital coin by the crypto community, has reclaimed the $0.31 price level. While writing this content, DOGE trades near $0.3174. Early on, the crypto retested the $0.31 level after hitting the mark during earlier sessions.
David Gokhshtein, crypto influencers, posted on Twitter that the crypto had impressive price actions without any tweet from Elon Musk, the ‘Dogefather.’ Keep in mind that Elon Musk had promoted DOGE movements towards its ATH early this year.
DOGE Reclaims $0.31
PAC Protocol founder David Gokhshtein posted on Twitter announcing that Dogecoin surged without the support from Elon Musk. Gokhshtein explained things have changed for the token. He trusts that the leading meme asset has significant use cases and a massive community. Moreover, he believes that DOGE is accomplishing its objectives at the moment. That includes updating the platform to reduce transaction charges and maximizing DOGE’s adoption.
DOGE to Climb towards $0.35
Scott Melker, a prominent trader and analyst, shared a price chart that indicates DOGE creating a Falling Wedge shape. That usually signifies price reversal and might mean that Dogecoin is preparing to surge higher. That way, Melker trusts that we will see DOGE at $0.35 in days to come.
Elon Musk on Dogecoin Updates and Fees Reduction
On 21 August, DOGE developers resealed the token’s 1.14.4 upgrade. That facilitated the awaited and incoming fees reduction and quicker transactions. Moreover, the update introduces various fundamentals that might push the asset’s value higher in the coming sessions.
Meanwhile, Musk commented on the Twitter announcement concerning the upgrade. He mentioned that it was ‘good progress.’ Meanwhile, U.Today had reported that Elon Musk is working with the coin’s developers to ensure transaction efficiency.
For now, the Dogecoin community awaits a collaboration between the crypto and Twitter. Recently, Jack Dorsey stated that Twitter’s team plans to add a Tip Jar for BTC tips. Dogecoin enthusiasts hope that the CEO will include Dogecoin in the anticipated functionality.