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TL;DR
Analysts foresee a potential surge in Dogecoin’s value, predicting increases up to 500% and reaching milestones like $1.
Despite not joining recent meme coin surges, DOGE’s anticipated rally is bolstered by the overall market trends post-Bitcoin halving, which has previously catalyzed significant price increases across cryptocurrencies.
Numerous meme coins, including Shiba Inu (SHIB), Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK), performed quite well over the weekend, with their prices recording double-digit surges. However, Dogecoin (DOGE)—the largest asset of that type in terms of market capitalization—was not among the gainers.
It is currently worth around $0.16 (per CoinGecko’s data), a 3% decline on a weekly scale and a 23% drop over the past 14 days.
DOGE Price, Source: CoinGecko
One popular analyst who believes the dog-themed token will soon break the negative trend is the X user Ali Martinez. He thinks DOGE is currently in a consolidation phase after previously following a “descending triangle.”
The analyst predicted that, based on its past performance, the asset’s valuation might soon explode by over 500% and reach the $1 milestone.
Another analyst who recently touched upon DOGE’s price trajectory is JAVON MARKS. Earlier this month, the X user described the asset’s correction as a “healthy pullback,” reminding its great performance since the start of 2024. JAVON MARKS went further, envisioning a 315% rally toward the $0.65 mark.
Mikybull Crypto and Trader Tardigrade chipped in, too.The former maintained that the “real bull run is about to start,” while the latter claimed that Dogecoin runs the “Cycle of 7 years,” meaning a price explosion toward the astonishing $40 is not out of the cards.
One essential element that may fuel DOGE’s march toward fresh peaks in the near future is the Bitcoin halving, which took place a few days back. The event has previously been followed by a huge resurgence in the entire cryptocurrency market, and many expect to see similar surges in the following months.
Recall that DOGE was worth less than $0.01 by the time of the previous halving in the spring of 2020, whereas its price skyrocketed above $0.65 a year later.
The post Interesting Dogecoin (DOGE) Price Prediction: Is the Worst Finally Over? appeared first on CryptoPotato.
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The post Interesting Dogecoin (DOGE) Price Prediction: Is the Worst Finally Over? appeared first on Panther AI.
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Analysts foresee a potential surge in Dogecoin’s value, predicting increases up to 500% and reaching milestones like $1.
Despite not joining recent meme coin surges, DOGE’s anticipated rally is bolstered by the overall market trends post-Bitcoin halving, which has previously catalyzed significant price increases across cryptocurrencies.
Is DOGE Gearing up for a 500% Price Rally?
Numerous meme coins, including Shiba Inu (SHIB), Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK), performed quite well over the weekend, with their prices recording double-digit surges. However, Dogecoin (DOGE)—the largest asset of that type in terms of market capitalization—was not among the gainers.
It is currently worth around $0.16 (per CoinGecko’s data), a 3% decline on a weekly scale and a 23% drop over the past 14 days.
DOGE Price, Source: CoinGecko
One popular analyst who believes the dog-themed token will soon break the negative trend is the X user Ali Martinez. He thinks DOGE is currently in a consolidation phase after previously following a “descending triangle.”
The analyst predicted that, based on its past performance, the asset’s valuation might soon explode by over 500% and reach the $1 milestone.
The Previous Forecasts and the Potential Catalyst
Another analyst who recently touched upon DOGE’s price trajectory is JAVON MARKS. Earlier this month, the X user described the asset’s correction as a “healthy pullback,” reminding its great performance since the start of 2024. JAVON MARKS went further, envisioning a 315% rally toward the $0.65 mark.
Mikybull Crypto and Trader Tardigrade chipped in, too.The former maintained that the “real bull run is about to start,” while the latter claimed that Dogecoin runs the “Cycle of 7 years,” meaning a price explosion toward the astonishing $40 is not out of the cards.
One essential element that may fuel DOGE’s march toward fresh peaks in the near future is the Bitcoin halving, which took place a few days back. The event has previously been followed by a huge resurgence in the entire cryptocurrency market, and many expect to see similar surges in the following months.
Recall that DOGE was worth less than $0.01 by the time of the previous halving in the spring of 2020, whereas its price skyrocketed above $0.65 a year later.
The post Interesting Dogecoin (DOGE) Price Prediction: Is the Worst Finally Over? appeared first on CryptoPotato.
Source link
The post Interesting Dogecoin (DOGE) Price Prediction: Is the Worst Finally Over? appeared first on Panther AI.
Continue reading...