The planned launch of the Dogecoin Treasury company, supposedly chaired by Elon Musk's lawyer, has generated interest within the crypto community. The company is expected to raise $200 million.
What is Dogecoin Treasury?
According to a Fortune report, the Dogecoin Treasury company aims to raise $200 million. This information comes from statements made by people close to the case, confirming interest from potential investors.
Speculations About Elon Musk's Influence
Elon Musk's lawyer, Alex Spiro, could potentially chair this company. This raises speculations about Musk's renewed interest in Dogecoin, given his previous actions that led to significant price surges.
Analyst Forecasts for Dogecoin
Analysts, including Ali Martinez, predict that the price of DOGE may return to its yearly high. They point to a long-term ascending channel in the asset's trading, making the current price appealing for purchases.
The planned launch of the Dogecoin Treasury company may significantly impact interest and activity surrounding Dogecoin, especially considering Elon Musk's expected involvement.
