Sagging Dogecoin emerged as the only crypto token to trade highest on Saturday ( November 12), following some comments from Tesla and Twitter CEO Elon Musk. While speaking on FTX collapse in a Twitter Spaces conversation, Musk quipped: “Doge to the moon.”
From a low of $0.0793 on Friday, DOGE/USD rose to $0.09399 early on Saturday’s session, climbing as much as 6% and breaching a prominent resistance level of $0.08900. The Twitter Spaces conversation was hosted by Mario Nawfal, where Musk also added, “I think so, don’t bet the farm on DOGE, but I’m working hard on the DOGE.”
Dogecoin, with a market cap of $16 billion is one of the top meme coins created as a joke mocking bitcoin and other mainstream cryptocurrencies by developers, Billy Markus and Jackson Palmer.
However, Solana’s struggles are still on, with prices tumbling more than 15%.
Meanwhile, Robert Kiyosaki, the author of the best-selling ‘Rich Dad Poor Dad, and a strong advocate of Bitcoin, predicted that the super coin may dive to $10,000 from its present levels of $16,500 plus.
Bitcoin slumped 17.7% this week and is now 75.8% down from its record high of $69,000 in November 2021.
Reminding his Twitter followers, Kiyosaki said he is still a big proponent of bitcoin, gold, silver and real estate he said the selloff in crypto must be used as an opportunity to stock up on bitcoin if it crashes to $10,000-$12,000.
Noting that he is not a trader or flipper, Kiyosaki tweeted If bitcoin hits the new bottom of $10,000 to $12,000, he will be very excited and not worried.
Kiyosaki also had called it “great news” when bitcoin began crashing in May and had projected it will fall below $20,000.
