Dogecoin, or DOGE as it is also known, has gained several positions in the charts during the last couple of weeks. With a $24.8 billion market capitalization, the asset currently ranks 10th in terms of crypto assets. DOGE has risen by more than 104% on the monthly charts despite the corrections of 6.2% and 4.2%.
Also Read: Dogecoin Millionaire Club: Over 1,000 Addresses Bag Big Holdings.
Bitcoin (BTC) has reached an all-time record price. This is what caused the latest memecoin spike. BTC’s rise is fueled by an increase in the number of people investing into BTC ETF products (Exchange Traded Funds).
Will Dogecoin ($DOGE) reach $1 in this bull?
The renowned Crypto Analyst Ali ChartsDogecoin could reach $1 as early as mid-April. To reach $1, a 525% increase would have to be achieved from the current level. Ali Charts uses DOGE’s historic data to support his $1 prediction. The memecoin’s bull run in 2017 and 2021 was similar.
Also Read: Shiba Inu Gets Closer to Dogecoin Market Cap: Can SHIB Flip DOGE?
ChangellyDogecoin is still not a very hot coin. Platform predicts DOGE will reach $0.151 as its maximum in April. This is a drop of approximately 5.6% from the current price. Changelly believes DOGE won’t reach $1 until September 2028 – four and half years hence.
Also Read: Dogecoin (DOGE) Up 107% in 30 Days, March to Push it Higher?
Telegaon The report also predicts that DOGE will reach a price maximum of $0.59 in this year. To reach $0.59 at current prices would represent a 268% increase. The platform also predicts that DOGE will reach $1 in about 2026, or two years.
If Bitcoin (BTC), however, continues on its upward trajectory, then other assets could follow. If this scenario occurs, DOGE could reach the $1 threshold much earlier than expected.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru
