Dogecoin makes an interesting appearance in Season 11, Episode 3 of the Futurama TV show. 
A popular crypto analyst has advised crypto investors to purchase DOGE at $0.06982.

Dogecoin (DOGE) is the latest cryptocurrency to make an appearance in the Futurama show, joining Bitcoin and Ethereum which have on multiple occasions been mentioned in different TV shows. In Season 11, Episode 3 of the show, the cast specifically focused on the meme coin as they visited a place called the Doge City.

In the city, the residents rely on crypto mining as their main source of income. The incredible display of Dogecoin in the episode called “How the West Was 1010001” extends its popularity beyond the crypto sphere to millions of fans who watch the show worldwide.

This interesting milestone is expected to open the asset to a new set of investors while opening doors for other altcoins to be recognized for different TV programs. 

Just like any other meme coin, Dogecoin was created out of a joke, but happened to become one of the most popular cryptos in the world and even caught the attention of Tesla’s Elon Musk. Following the featuring of this asset in the Futurama show, co-founder of Dogecoin Billy Markus posted a related comment on X (formerly Twitter).

The silly thing I made 10 years ago made it to a Futurama episode.

The comment reveals a lot about his expectations of the meme coin at the point of creation. After launching this asset with Jackson Palmer, Markus claim to have sold all his Dogecoin in 2015 and used the profit to purchase a used Honda Civic. In 2021, Elon Musk’s frequent tweets about the meme coin triggered a 1000 percent surge in its value. 

Perfect Entry Zone for Dogecoin

According to reports, the asset has about 5 million holders in 2023 despite its lack of utility and high inflation. As of press time, Dogecoin had a market cap of $10,324,264,959, making it the seventh largest crypto at $0.073502. This is still 89 percent down from its all-time high price of $0.731578. 

At its current price, crypto trader and analyst Michael van de Poppe has cautioned that it is unsafe to buy at that level. Speaking to his X (Twitter) followers, Poppe disclosed that the perfect entry point for investors should be around $0.06982. According to him, the line that indicates the next surge of the asset touches above $0.1. It can be recalled that Doge crossed this line in November 2022 to trade at $0.1425. 

Dogecoin was speculated to be one of the payment methods on the X platform after Musk took over the company. Several other rumors hinted that the platform would create its token called the “X Coin.” However, this has been debunked by Musk. The Doge community still keeps their hopes alive that the meme coin would be implemented for micropayment or to reward content creators.

It was recently reported that a subscription feature has been introduced to enable account holders to receive monthly micropayments from their subscribers. However, the payments are made in fiat despite Musk’s strong interest in cryptos. On multiple occasions, he has stated that Dogecoin is a perfect replacement for Bitcoin. 

 

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Filed under: Bitcoin - @ August 8, 2023 7:03 pm