Dogecoin endured another round of volatility amid a searing correction due to profit-taking, with prices dipping to below $0.30 in recent weeks.

It had since buoyed over that level and remained at $0.3093, a 1.14 percent drop in the last 24 hours, as per Coindesk.

The meme cryptocurrency should have reached the $0.35 level at this time, but its continued hovering at the $0.30 was due to the excessive amount of money buyers needed to have Dogecoin get above that level. This have been too costly for short-term buyers who are often stopped out on intraday trades, FX Street noted.

Dogecoin Price Prediction: Buyers Should Step In to Allow Surge to $0.35 Levels

It would seem critical to see if Dogecoin could stay above $0.30. To mount a further surge, buyers would need to step in and run the prices up. They should first put their stops a little below $0.30 to have enough room to play the trade and avoid being stopped out at the first test on $0.30. If they succeed, a surge towards $0.35 is possible in the next few days, if not higher.

Read Also: Dogecoin Price Prediction: Ethereum Co-Founder Reveals Next Step for Doge Evolution, Global Impact

This rosy forecast comes amid the stellar boost of Dogecoin’s wife, “Wifedoge,” which has been catching the attention of crypto investors as of late–including the “Dogefather” and Tesla CEO Elon Musk. Wifedoge surpassed a market capitalization of $2.3 million, a rise of a whopping 3,000 percent in one day. Benziga reported. The emerging token’s capitalization, however, fell to $301,406 on September 2.

Despite this, Musk is seemingly engrossed over Wifedoge, a report on Entrepreneur said. It quoted developers of this meme cryptocurrency as being so sure of Musk’s overwhelming support, they thanked him on Twitter.

They even announced reserving five percent of Wifedoge units for the South African business mogul. The Wifedoge account told Musk that they will offer the units at the right time, “otherwise the 5% of the tokens will be forever. locked.”

According to Entrepreneur, Wifedoge emerged as an “inception” of cryptocurrencies, a parody of Dogecoin, which in turn is also a parody of Bitcoin. It was launched in July and was described as the “wife” of Dogecoin, but is actually a clone of the meme token.

On August 31, Wifedoge topped $2.32 million in market capitalization or 3,294.29 percent higher than the starting market cap of $68,350 from which it started the day before.

Wifedoge Eyes Equal Value With Dogecoin

Its creators are looking at having the value of each Wifedoge to be equivalent to one Dogecoin. This would be an impressive prospect, given that Dogecoin rose by 4,600 percent in a year and its main followers Musk and fellow billionaire Mark Cuban considering it as the “strongest” cryptocurrency.

But on Friday, Musk tweeted that “Time is the ultimate currency,” making people think that he is doubting DOGE’s strength.

Wifedoge offers a supply of 747 quadrillions, featuring safe auto-farming and locked liquidity, Benziga added.

Related Article: Dogecoin Price Prediction: Mark Cuban Gives Massive Boost to Meme Coin With Dogemania!

Wifecoin or Wifedoge , the cryptocurrency considered to be the “wife” and clone of Dogecoin (DOGE), has significantly increased its market capitalization. It jumped over 3,000% in a single day, according to statistics from CoinMarketCap . Elon Musk’s support has something to do with it, but is it for as much that it is appropriate to invest in this digital asset? (Also Read: JPMorgan analyzed the current position of Bitcoin (BTC) and other cryptocurrencies)

Elon Musk , a pillar of Wifedoge’s growth  ?

On Tuesday the 31st, the Wifedoge successfully traded the market cap of $ 2.32 million , which corresponds to a good of 3,294.29%. However, the DOGE “wife” failed to stay the course. On Thursday, September 2, its market capitalization fell to $ 301,406. (Must Read: Cheap electricity attracts Bitcoin (BTC) miners to Venezuela)

Wifecoin is a cryptocurrency that appears to be a parody of Dogecoin which, too, was launched with the aim of parodying Bitcoin (BTC). Its creators ensure that the value of each Wifecoin token will be equivalent to that of Dogecoin (DOGE). This is great news for investors, considering that DOGE has increased its value by 4,600% in just one year. Moreover, Elon Musk and Mark Cuban consider it to be the “strongest” cryptocurrency.

1 WIFEDOGE = 1 DOGECOIN#wifedoge #dogecoin https://t.co/5SMfgSy02P pic.twitter.com/zrxqxfsvqr

— WIFEDOGE (@wifedoge) August 3, 2021

The creators of Wifecoin have also announced that they will reserve 5% of the Wifedoge units for Elon Musk . “We will give them to you at the right time, otherwise 5% of the tokens will be blocked forever,” read a tweet from the Wifecoin account .

WIFEDOGE PRESALE START ON DXSALEhttps://t.co/6g7nlv8sll

Reserve 5% of the tokens for Elon Musk. Give it to him at the right time, otherwise the 5% of the tokens will be forever. Locked#bsc #wifedoge #dogecoin pic.twitter.com/oX1IHFcMpC

— WIFEDOGE (@wifedoge) July 11, 2021

Why such a generous gesture on the part of the creators of the cryptocurrency? They are hoping that this “meme of the meme” will gain the support of Elon Musk , whose opinion plays on the price of digital assets. While waiting for him to draw attention to the “wife” of DOGE, the creators of Wifecoin wanted to express their gratitude on Twitter .

“Thanks Elon Musk. I am Wifedoge. Doge’s wife! Now is the fourth day of launch on Pancakeswap! Thanks for tweeting to support Wifedoge. Trust us, we will soon surprise global investors even more. Our team works hard, ” read another tweet.

Thank you Elon Musk I’m Wifedoge. Doge’s wife! Now is the fourth day of launch at Pancakeswap! Thank you for tweeting to encourage Wifedoge Believe us, we will soon surprise global investors even more. Our project team is working hard#wfiedoge #dogecoin #doge #PancakeSwap pic.twitter.com/HAwvYKDjA7

— WIFEDOGE (@wifedoge) July 25, 2021

Investing in Wifedoge , a good plan?

Should you invest in the Wifedoge  ? This is the question investors are asking themselves. The experts have a positive response. At least they argue that the vertiginous ‘ups and downs’ of digital assets are caused by the fraudulent manipulation of the cryptocurrency market , which causes a lot of people to lose money.

“The sharp rises and falls in the price of assets with low liquidity are often the result of fraudulent manipulations known as ‘pump and dump’ which consist in inflating their value and then selling it at overvalued prices. The lack of regulation in the cryptocurrency market means that many investors fall victim to this scheme, ” RT said.

The choice of whether or not to invest in Wifedoge is purely and strictly personal , as is also the case for all other cryptocurrencies. If you want to invest, invest only what you can afford to lose . This is one way to protect against fluctuations in digital assets. Either way, owning cryptocurrencies, which can skyrocket in value by over 3,000% in 24 hours, is always beneficial.

Wifecoin , the “wife” of Dogecoin (DOGE) continues to make headlines in the cryptocurrency world. Supported by Elon Musk and Mark Cuban , DOGE has gained strong popularity and increased in value. It seems that his “wife” will follow the same path. Meanwhile, within 24 hours, its market capitalization increased to 3,294.29%.

Last week the Wifedoge cryptocurrency, the wife of Dogecoin (CRYPTO: DOGE), exceeded a market capitalization of 2.32 million dollars, more than 3,000% in market capitalization in just one day.  

• However, on Sept 2, its capitalization plummeted to $301,406.
• According to Entrepreneur, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is now attracted to Wifedoge. 
• In July Wifedoge announced in a tweet that they would reserve 5% of the Wifedoge units for Musk.
• “We will give them to you at the right time; otherwise 5% of the tokens will be forever blocked,” reads a tweet from the Wifecoin account.
• On Friday, Musk tweeted, “Time is the ultimate currency,” leaving many people to wonder whether he is indicating that Doge is not the ultimate currency. 
• Wifedoge has a total supply of 747 quadrillions, and it features Safe Auto-farming and Locked Liquidity.
• The majority of the LP tokens are locked, and some automatically burn 2% at every transaction.

(Photo : Screenshot from Twitter post of @wifedoge)

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