Crypto analyst Crypto Kaleo recently suggested that now was the best time for investors to position themselves in Dogecoin (DOGE). This came following his statement, which hinted at a price surge for the foremost meme coin in the coming days.\u00a0<\/p>\n
In an X (formerly Twitter) post<\/a>, Kaleo reminded the crypto community of how the world\u2019s richest man and X owner, Elon Musk, changed the X logo to Dogecoin a couple of days after April 1 last year. The crypto expert further revealed that he had already positioned himself just in case Musk does it again this time around.\u00a0<\/p>\n Last year, Dogecoin’S price jumped by over 30% after Musk replaced X\u2019s logo with the Shiba Inu dog (which happens to be DOGE\u2019s logo). As such, Kaleo expects the meme coin to enjoy a similar price gain if Musk makes such a move again. Such a move will also provide a much-needed relief for Dogecoin, which has steadily declined since rising to as high as $0.22 last week.\u00a0<\/p>\n However, investors positioning themselves for such a move must be cautious, considering how short-lived the \u2018Musk-triggered\u2019 pump has been in the past. Moreover, even if Musk were to change the X logo to the DOGE icon, such a move is expected to be temporary, with DOGE\u2019s price likely to drop once the original logo is reinstated.\u00a0<\/p>\n The same thing happened last year as DOGE\u2019s price plunged sharply following X\u2019s removal of the Dogecoin icon and reversal to its original logo. Meanwhile, in response to Kaleo\u2019s post, his followers deliberated on the possibility of Musk changing the X logo to the DOGE icon again. Some argued<\/a> that it was unlikely, especially with the SEC\u2019s lawsuit against Musk.<\/p>\n<\/span>Musk Will Pump Dogecoin To $1<\/span><\/h2>\n