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Why Dogecoin Can Hit 75 Cents Again, According To Matt Wallace



Matt Wallace, a famous YouTuber who covers Dogecoin (CRYPTO: DOGE) and other digital forms of money, joined Benzinga's "Influence Hour" show half a month prior. 


"At present, Dogecoin is at where it has a huge load of space to develop," Wallace said during the May 17 show. "We see Elon Musk working with the Dogecoin devs in the background. A ton is going on with that. I've been conversing with the Dogecoin devs. They are attempting to make it quicker." 


At the time Wallace joined the show, Dogecoin was exchanging around 50 pennies. From that point forward, Dogecoin has dropped and been fierce. The well-known coin momentarily dipped under 30 pennies on May 23, preceding rapidly bouncing back up 35 pennies. 


As of now, the coin is exchanging almost 40 pennies. Numerous others like Wallace anticipate that the currency should keep on developing as more merchants access buy the coin. This week, Coinbase declared clients on Coinbase Pro would want to exchange Dogecoin. 


Wallace brought up that the general crypto market saw a hit: "The complete market cap of crypto has gone from $2.5 trillion to around $2 trillion." 


The YouTuber proceeded to contrast crypto's complete market cap with gold's, saying he expects the crypto market cap to develop nearer to $10 trillion. 


Regardless of Doge's battles to hold its highs, Wallace is sure we will see the coin back at 75 pennies: "It's now been to 75 pennies previously; it can do it once more."

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