The Dogecoin (DOGE) price could see significant volatility following the fourth quarterly earnings report from automaker Tesla Inc.
Dogecoin (DOGE) news report: Before Tesla's fourth-quarter financial report was released, Puppy Whale had accumulated memes. Looking back means that Elon Musk showed that Tesla did not sell all the equity held by DOGE in the second quarter mobile phone financial report meeting. This auto company has Dogecoin and sells Tesla products because it accepts the payment from DOGE. In addition, it remains to be seen how the digital currency should reflect the earnings report.
Tesla's first quarter profit
The profit of the fourth quarter is expected to be announced when the enterprise fails to reach the target for three consecutive times. In addition, this new energy electric vehicle manufacturer announced a price reduction for Chinese customers in October 2022. Even if Tesla announces the good trend of auto trade again, it remains to be seen whether these figures will cause Tesla's stock price to rise. Under such circumstances, the share price of DOGE is also likely to rise, making an important response to the financial report.
According to the CoinGap price tracking, as of the time of writing, the price of DOGE was $0.08485, down 4.65% in the past 24 hours. According to the total market value of US $11.22 billion, meme digital currency ranks ninth at this stage. In addition, the performance indicators also prove that the price is likely to rise. Raising the friction resistance range of USD 0.09 is likely to mean that the share price of DOGE rose by 22%. It remains to be seen whether Tesla's earnings will lead to this improvement.