Dogecoin tipped to break $1 in days as crypto makes comeback with ‘new all-time high’

The cryptocurrency market has enjoyed a surge in the past few days with all 10 of the world’s most highly valued tokens rising. The cause of the bounce-back remains unclear but it has added $150billion (£106billion) to the total market cap of all cryptocurrencies combined. Dogecoin, which is backed by Elon Musk, is currently valued at $0.32 (£0.23), having fallen as low as $0.28 (£0.20) last month.

But crypto analyst AJ Clores believes it is about to rocket, sharing a post on his YouTube channel ‘Self Made’ as evidence.

Reading it out, he said: “Firstly, if Tesla actually accepts Dogecoin as a form of payment which is slowly looking more and more like it will happen, it will see a huge increase.