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šŸš€ Crypto Dogecoin Price Prediction: How Realistic is for DOGE to Hit $1 This Cycle?

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TL;DR

  • Dogecoinā€™s price jumped over 14%, fueled by Elon Muskā€™s endorsement and potential Tesla payment acceptance.
  • Analysts and crypto enthusiasts are optimistic about DOGEā€™s future, predicting significant rallies for it and other meme coins.



Dogecoin made serious waves today (March 14), with its price spiking over 14% and reaching almost $0.20.

DOGE Price
DOGE Price, Source: CoinGecko

Its latest surge could be attributed to Elon Muskā€™s endorsement, who said his EV-giant Tesla might enable DOGE payments ā€œat some point.ā€ He claimed that the first-ever meme coin is ā€œthe peopleā€™s crypto,ā€ so he ā€œwill support it.ā€

Some popular analysts on X believe the resurgence will be the beginning of a massive bull run for the token. The popular trader Rekt Capital suggested that DOGE ā€œhas successfully retested the Macro Downtrend as new support,ā€ predicting further increases should it cross ā€œthe red psychological resistanceā€ level of $0.20.

$DOGE

DOGE has successfully retested the Macro Downtrend as new support and has since rallied +46%

The goal for #DOGE going forward is to reclaim the red $0.20 psychological resistance so that it can rally across the red-red range#Crypto #Dogecoin https://t.co/5WkNvhXm3i pic.twitter.com/VVpfHHe6MF

ā€” Rekt Capital (@rektcapital) March 14, 2024

The crypto enthusiast Ansem was even more bullish, asking his thousands of followers whether DOGE has the chance to explode to a new all-time high of $1 and WIF to reach a whopping $100.

Many users commenting below the question predicted that such a rally is plausible, adding that the Solana-based meme coin can also skyrocket (considering its massive resurgence as of late). WIF is up 80% in a week, recently hitting an ATH of over $3.30.

Meme coins have been in the spotlight in the last several weeks, with Shiba Inu (SHIB), Pepe Coin (PEPE), Bonk Inu (BONK), Floki Inu (FLOKI), and many more experiencing triple-digit price increases.

Those willing to find the next token that offers the chance of colossal profits, feel free to watch our dedicated video below:


The post Dogecoin Price Prediction: How Realistic is for DOGE to Hit $1 This Cycle? appeared first on CryptoPotato.
 

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