Dogecoin (DOGE) Set for Massive ‘Revenge Pump’ Against Bitcoin (BTC), According to Top Trader

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Alex Dovbnya

While some remain skeptical of Dogecoin’s long-term prospects, there is no denying that it has had a big impact on the crypto market.

Bluntz, a popular cryptocurrency trader, predicted a massive price spike in the price of meme coin Dogecoin (DOGE) against Bitcoin (BTC), the flagship cryptocurrency. According to Bluntz, DOGE/BTC is “getting ready for a revenge pump of probably 100% or more.”

Image by @SmartContracter

This bullish outlook on Dogecoin might surprise some members of the crypto community, who have dismissed the joke currency as a fad. The meme-inspired token remains among the top 10 cryptocurrencies, with its market capitalization approaching $13 billion.

Bluntz seems certain that the price of Dogecoin will continue to rise, saying it would be “negligence” not to have a stake in the currency. This sentiment is shared by some other traders, who see Dogecoin’s rapid growth as a sign of things to come.

In a separate tweet, the trader highlighted the fact that the DOGE/USD pair also broke.

As reported by U.Today, Twitter is seeking regulatory licenses to launch a payments platform, part of CEO Elon Musk’s plan for a diverse revenue stream and “app everything.” The announcement pushed the price of Dogecoin (DOGE) up by 7%. Although only fiat payments will be available initially, Twitter is planning cryptocurrencies at a later date.

The social media platform recently appointed a small team to map out the platform’s architecture. However, the move to payments is hampered by competition and tight regulatory scrutiny.

Dogecoin’s price has been sensitive to Musk’s actions and statements, soaring in October after his Twitter deal and taking a hit in November after Twitter scrapped its crypto wallet plans.

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