Could DOGE tokens pump 500% in 2024 to $1?
Dogecoin more than doubled in price at the end of February. After trading around the $0.08 level since the start of January, DOGE exploded to $0.18 by Mar. 4.
The proof-of-work meme coin, an indirect 2015 blockchain fork off of the original Satoshi Bitcoin chain, retraced from $0.18 a token on Mar. 4 to $0.13 by Mar. 19. After that, the price recovered back to $0.18 by Mar. 24.
So, which way will the 9th largest cryptocurrency by market cap go next?
Crypto analyst DonAlt, with over 530K followers on X, said in a recent YouTube update that “it isn’t too unlikely for Dogecoin to go to $1,” based on the way it is trading against Bitcoin.
DonAlt is the host of the cryptocurrency investing YouTube channel TechnicalRoundup. On a recent episode of the show uploaded Thursday, the popular technical analyst for altcoin markets said:
The exciting Dogecoin price prediction has more to it than merely howling at the moon. The technical analyst perfectly called the 2022 bottom a little over a year ago.
Once “the poster child of extreme market exuberance” during the 2021 Bitcoin halving rally, Dogecoin remains a highly sought-after digital asset, mostly because of its social clout.
That proof-of-work aspect could help the crypto avoid being labeled a security and keep it more decentralized than proof-of-stake DeFi cryptos. As the original meme coin, Doge also does very well when meme coins do, especially when the many dog-based competitors rally.
The post Dogecoin Price Prediction: Can DOGE Reach $1 This Bull Run? appeared first on CryptoPotato.
Dogecoin more than doubled in price at the end of February. After trading around the $0.08 level since the start of January, DOGE exploded to $0.18 by Mar. 4.
The proof-of-work meme coin, an indirect 2015 blockchain fork off of the original Satoshi Bitcoin chain, retraced from $0.18 a token on Mar. 4 to $0.13 by Mar. 19. After that, the price recovered back to $0.18 by Mar. 24.
So, which way will the 9th largest cryptocurrency by market cap go next?
Dogecoin Price Prediction: $1
Crypto analyst DonAlt, with over 530K followers on X, said in a recent YouTube update that “it isn’t too unlikely for Dogecoin to go to $1,” based on the way it is trading against Bitcoin.
DonAlt is the host of the cryptocurrency investing YouTube channel TechnicalRoundup. On a recent episode of the show uploaded Thursday, the popular technical analyst for altcoin markets said:
The exciting Dogecoin price prediction has more to it than merely howling at the moon. The technical analyst perfectly called the 2022 bottom a little over a year ago.
DOGE Is A PoW and Meme Coin
Once “the poster child of extreme market exuberance” during the 2021 Bitcoin halving rally, Dogecoin remains a highly sought-after digital asset, mostly because of its social clout.
That proof-of-work aspect could help the crypto avoid being labeled a security and keep it more decentralized than proof-of-stake DeFi cryptos. As the original meme coin, Doge also does very well when meme coins do, especially when the many dog-based competitors rally.
The post Dogecoin Price Prediction: Can DOGE Reach $1 This Bull Run? appeared first on CryptoPotato.
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