Crypto analyst Crypto Kaleo Has laid out a narrative that is bullish for Dogecoin (DOGE)How well could the first meme coin perform? this bull run. Moreover, he said that Dogecoin’s price movement is not a cause for concern.
Dogecoin will outpace Bitcoin in this market cycle
Crypto Kaleo is mentioned on X (formerly Twitter). post That he is “an insanely high conviction” Dogecoin can be used to buy goods and services. “outpace” Bitcoin this market cycle. This statement was made while also revealing his bullishness on the leading crypto. Given how high Bitcoin is expected to rise This is a bullish story that paints a picture of the most popular meme coin.
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Crypto Kaleo predicted that Dogecoin would rise more than 200% against the Bitcoin pair, and could reach as much as $0.55. He’s convinced Dogecoin is capable of such an upswing because, according to him, the market has entered a “meme super cycle.”He noted, therefore, that the “king of memes won’t be left behind.”
Dogecoin has yet to catch up to meme currencies, despite the fact that Crypto Kaleo believes this is a super meme cycle. The analyst said that DOGE’s current price action It is not normal to say that a meme coin “moves sideways for extended periods, followed by rapid vertical growth.”
In an earlier X posting, the analyst suggested It is important to note that “rapid vertical growth” It is possible that GameStop (GME’s) stock will top out. In a graph, he noted that Dogecoin rose in price after GME’s top. He believes that something similar will happen, particularly with Roaring Kitty’s return.
Crypto Kaleo, however, is not the only person who thinks that Dogecoin will outperform Bitcoin during this current market cycle. Don Alt is another crypto analyst who seems to share this view. previously suggested Dogecoin, according to his claims that Dogecoin may rise up to $2 during this bull market, is a superior investment.
Doge to Go Parabolic This Year
Crypto analyst Altcoin Sherpa Dogecoin is also viewed as a promising cryptocurrency. Recently, a report by the Financial Times argued that Dogecoin is a bullish currency. X postHe said that the first meme coin “is going to do something stupid later this year,” He suggested that Dogecoin was about to experience a rapid rise. He also said Dogecoin remains one of the most popular currencies. “safest trades” Anyone can do this cycle.
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Dogecoin is also a cryptocurrency that the author believes will perform better than Bitcoin this year, pointing out in a different article. X post The following are some examples of how to use Dogecoin I was among the very few altcoins He added that these altcoins increased and held their Bitcoin pairs above in the bull run of 2021. The altcoins have increased in value and are now above Bitcoin. “are for this cycle” Crypto investors need to keep these things in mind.
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Source: www.newsbtc.com
