
Tesla CEO Elon Musk's favorite Dogecoin said to jump 80% soon: What analyst says
crypto analyst
Ali Martinez who goes by @ali_charts on X (formerly Twitter), the Dogecoin seems to form a "double bottom" pattern soon. 'If the pattern plays out, Dogecoin could rise to $0.42 by September,' Martinez wrote.
What 'double pattern' means
In technical terms, a double bottom occurs when an asset hits a low point twice with a small rally in between. If the price breaks above the middle high — known as the neckline — it often indicates the start of an upward trend.
Martinez also pointed out an increase in large transactions. He said that more than 1 billion Dogecoin tokens have been purchased by crypto 'whales' within just 48 hours.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This year's most comfortable shoes are a hit with the over-40 crowd
Ultra-Comfortable Shoes
Undo
In general, whale activity often comes before major price moves in the crypto market, and Dogecoin's sudden surge in volume has caught the attention of traders and analysts alike.
Elon Musk's role in Dogecoin's popularity
While Elon Musk has not publicly commented on Dogecoin, his support for the meme coin in the past can be termed 'influential'. The tech billionaire has called it the 'people's crypto' and even hinted at using it in products and services at his companies – Tesla and X.
Even without a direct mention, the market still watches Musk's movements closely, as his tweets have repeatedly influenced Dogecoin's price in the past.
Can Dogecoin really hit $0.42
At its current price of $0.234, Dogecoin would need to rise about 80% to reach Martinez's target of $0.42 by September. While that may seem ambitious, the crypto market is known for sharp moves driven by technical signals, whale action, and online buzz.
Free phone or empty Bank Account: New scam alert
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
28 minutes ago
- Time of India
Elon Musk says Tesla, Samsung Electronics sign chip supply deal
Academy Empower your mind, elevate your skills Tesla CEO Elon Musk said on Monday that the US automaker has signed a deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant's loss-making contract manufacturing Saturday, Samsung announced a $16.5 billion chip supply deal with a major global company, without naming the client. It said the customer had requested confidentiality about the details of the deal, which will run through the end of sources briefed about the matter told Reuters that Tesla was the customer for the deal comes as Samsung faces mounting pressure in the race to produce artificial intelligence chips, where it trails rivals such as TSMC and SK Hynix. This lag has weighed heavily on its profits and share the world's top memory chip maker, also makes logic chips designed by customers through its foundry Yuak, an analyst at Kiwoom Securities, said the latest deal would help reduce losses at Samsung's foundry business, which he estimated exceeded ₩5 trillion ($3.63 billion) in the first half of the say Samsung has struggled with the defection of key clients to TSMC for advanced chips. TSMC counts Apple, Nvidia and Qualcomm among its Samsung-Tesla deal is also significant for South Korea, which is seeking U.S. partnerships in chips and shipbuilding amid last-ditch efforts to reach a trade deal to eliminate or reduce potential 25% U.S. is not clear how the order would affect Samsung's plan to start production at its new factory in Texas, which has been delayed as it struggles to win major is grappling to boost production yields of its latest 2-nanometer technology, and the order is unlikely to involve the cutting-edge tech, Lee Min-hee, an analyst at BNK Investment & Securities, has been losing market share to TSMC in contract manufacturing, underscoring technological challenges the firm faces in mastering advanced chip manufacturing to attract clients like Apple and Nvidia, analysts said. ($1 = ₩1,378.7000)

Business Standard
28 minutes ago
- Business Standard
Tesla signs chip supply deal with Samsung Electronics, says Elon Musk
On Saturday, Samsung announced a $16.5 billion chip supply deal with a major global company, without naming the client Reuters Tesla CEO Elon Musk said on Monday that the US automaker has signed a deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant's loss-making contract manufacturing business. On Saturday, Samsung announced a $16.5 billion chip supply deal with a major global company, without naming the client. It said the customer had requested confidentiality about the details of the deal, which will run through the end of 2033. The deal comes as Samsung faces mounting pressure in the race to produce artificial intelligence chips, where it trails rivals such as TSMC and SK Hynix. This lag has weighed heavily on its profits and share price. Samsung, the world's top memory chip maker, also makes logic chips designed by customers through its foundry business. Pak Yuak, an analyst at Kiwoom Securities, said the latest deal would help reduce losses at Samsung's foundry business, which he estimated exceeded 5 trillion won ($3.63 billion) in the first half of the year. Analysts say Samsung has struggled with the defection of key clients to TSMC for advanced chips. TSMC counts Apple, Nvidia and Qualcomm among its customers. The Samsung-Tesla deal is also significant for South Korea, which is seeking US partnerships in chips and shipbuilding amid last-ditch efforts to reach a trade deal to eliminate or reduce potential 25 per cent US tariffs. Samsung is grappling to boost production yields of its latest 2-nanometer technology, and the order is unlikely to involve the cutting-edge tech, Lee Min-hee, an analyst at BNK Investment & Securities, said. Samsung has been losing market share to TSMC in contract manufacturing, underscoring technological challenges the firm faces in mastering advanced chip manufacturing to attract clients like Apple and Nvidia, analysts said.


Time of India
30 minutes ago
- Time of India
As US education system falters, Hong Kong is quietly becoming a global student magnet: Here's why
Amid US education system crackdown, students are looking towards Hong Kong as a better academic option. Amid growing concerns over the reliability of the US higher education system, from shifting immigration policies to political interference on elite campuses, Hong Kong is stepping up to redefine its place on the global academic map. With a sharp increase in international applications, expanded student quotas, and strategic outreach efforts, the city is attracting students and scholars who are reconsidering their traditional study destinations. A recent Times Higher Education (THE) report highlighted the dramatic shift, noting that Hong Kong universities are not only seeing more applications from the US but also from Europe, Africa, Australia, and Latin America. This diversification marks a notable departure from their earlier dependence on mainland Chinese applicants, signaling a new global ambition. Hong Kong's growing appeal Behind the surge is a series of deliberate policy moves. In 2023, the Hong Kong government raised the cap on non-local students from 20% to 40%, a significant leap that immediately expanded the intake potential for international talent. Simplified visa rules for research and teaching staff, along with a more coordinated recruitment push, have further eased the pathway for global students and faculty. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60m2 prefabricated bungalow for the elderly in Sungai Raya Pre Fabricated Homes | Search Ads Search Now Undo According to the THE report, The Hang Seng University of Hong Kong reported a 50–60% increase in international applications over the past two to three years. And it's not just student interest that's growing. Universities across the city have also seen a spike in academic applications from regions such as North America, the UK, Africa, and Europe, an indicator that faculty mobility is responding to Hong Kong's renewed academic promise. HKUST and the global push The Hong Kong University of Science and Technology (HKUST), one of the city's top institutions, is a clear example of this trend. As per the same THE report, HKUST is hosting students from over 80 countries this academic year, with nearly half of its international intake now coming from outside mainland China. These students are drawn by Hong Kong's strong performance in global university rankings and its proximity to cutting-edge research hubs in the Greater Bay Area. In a move reflecting its responsiveness to global shifts, HKUST extended admission offers to high-performing students from elite US universities like Harvard, following growing unrest and uncertainty in the American education space. The university reportedly received hundreds of inquiries and responded with dozens of offers, an indication of how quickly students are reevaluating their options. Beyond the rankings: A strategy to retain talent Hong Kong's academic resurgence isn't just about attracting students, retention is the next big test. While streamlined policies have made entry easier, long-term success depends on the city's ability to support international graduates through work opportunities, collaborative research, and broader social integration. Experts cited in the Times Higher Education report argue that universities alone cannot create the full ecosystem needed to keep talent. Support from government bodies, industry partners, and civil society will be essential in ensuring Hong Kong doesn't just draw global minds, but also gives them reasons to stay. A turning point in global education? Just a few years ago, concerns around academic freedom, particularly in the wake of the 2019 protests, cast doubt over Hong Kong's future as an education hub. But today, it appears those fears are giving way to a more pragmatic global reassessment. With US institutions facing policy volatility and increasing scrutiny, Hong Kong's clear, research-driven strategy and regional connectivity are winning over a new generation of students and academics. In this shifting landscape, the global classroom may indeed be tilting eastward, and Hong Kong is quietly but firmly staking its claim. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!