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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.Numerous meme coins, including Shiba Inu , Pepe , Floki Inu , and Bonk Inu , performed quite well over the weekend, with their pricesdouble-digit surges. However, Dogecoin —the largest asset of that type in terms of market capitalization—was not among the gainers.
It is currently worth around $0.16 , a 3% decline on a weekly scale and a 23% drop over the past 14 days.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,Mikybull Crypto and Trader Tardigrade chipped in, too.
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.AI Will be One of those Areas Where Blockchain has Genuinely Improved: Flare Network’s CEO Hugo Philion One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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