Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the stock market, trading, and all things Wall Street. Today, we’re diving into the recent news of Elon Musk’s net worth surpassing the $300 billion mark after Trump’s win in the latest Forbes report.
With the surge in TSLA stock price, Elon Musk’s wealth has skyrocketed to an astonishing $304 billion, putting him far ahead of Oracle CEO Larry Ellison, who comes in second with a net worth of $230 billion. This incredible feat has also had a ripple effect on the cryptocurrency market, with Dogecoin outperforming popular digital assets like BTC, ETH, and SOL.
As we look ahead to Donald Trump’s second inauguration on January 20, 2025, the speculative buying pressure surrounding Elon Musk linked assets suggests that a major sell-off is unlikely before the inauguration date. In fact, given the current market dynamics and political landscape, it’s highly possible that DOGE price will continue to climb towards the $0.30 level in the coming weeks.
In our DOGE price forecast, bulls are now setting their sights on a breakout above $0.35. Since the US elections, Dogecoin price has surged by over 100%, reaching $0.278 at the time of publication on Nov 8. With strong buyer dominance driving the price towards $0.30, the next major resistance level for DOGE now lies at $0.35. Despite the impressive gains in the last 6 days, DOGE continues to show strong buying momentum for the week ahead.
Stay tuned to Extreme Investor Network for more exclusive insights and analysis on the latest trends in the stock market and trading world. Don’t miss out on our expert commentary and in-depth coverage of all things Wall Street.