THE OVERALL CRYPTO MARKET

The overall crypto market is something that is weighing down all of crypto, not just a specific coin. As we get into 2023 and develop more clarity and certainty, that then going to be crucial for the entire crypto market. Testla's investor day could cause these catalyst activities as we talked about the Dogecoin price action. This could cause Dogecoin to explode due to the connection and vast ties to Elon Musk and Tesla. Dogecoin is off to a slow start in 2023 and we have seen back and forth due to the community being divided when it comes to the morale surrounding the crypto.

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The only landmark that Dogecoin can hang its hat in 2023 since falling from the all-time high of 2021. 2022 was just a year of red with the obsession of Elon Musk taking over Twitter. That is what needs to be improved so that Dogecoin can rally and the price can go upward. We are seeing some Dogecoin Twitter influencers thanking Elon Musk for the rally that we are going to see soon due to Elon Musk and Tesla. This is what is possibly going to spark some whale interest and probably institute some initiation on swing trading and people just getting in on the action due to hype and hysteria surrounding Dogecoin in the news.

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It's probably not going to reach its all-time high but it will act as a catalyst to surge the price of Dogecoin higher. Whether that is sustainable or not, is left to be seen but I do think that when we have these headlines that could act as a catalyst and swing Dogecoin in one way or the other, this is what is important until we actually get that physical utility. When Dogecoin gets its surge, it could pass up Cardano and this is what is next on list for Dogecoin to over take in terms of total market capitalization.