Dogecoin, according to a closely watched crypto analyst.DOGEThe price of ) is going to go through the roof as memecoins continue making massive gains.
Pseudonymous trader Kaleo tells The social media platform X informed his 641,400 subscribers that DOGE’s value would soar by over 220% compared with Bitcoin.BTC).
“The secret about Dogecoin is, it moves sideways for extended periods, followed by rapid, vertical growth. As bullish as I am on Bitcoin, I have an insanely high conviction DOGE will outpace it. We’re in a meme super cycle. The king of memes won’t be left behind.”
The trader predicts that DOGE’s rally will reach 0.00008 BTC, or $0.55. DOGE currently trades at $0.159.
The next step is the trader says Coq inu (COQAvalanche is a running memecoin.AVAX) network, is about to confirm a bullish reversal and print massive gains against Wrapped AVAX (COQ/WAVAX).
“Alright bros, I think it’s AVAX’s turn to have a run again on the memes. Calling a bottom here on COQ. This is a $1 billion-plus meme with a $200 million market cap. Send it with haste.”
He suggests, by looking at his chart, that COQ/WAVAX may soon break through its diagonal support. The current value of COQ at the time of this writing is $0.000003.
The trader is last but not least predicts Bitcoin’s value will reach six figures in the near future, an increase of over 44% compared to its current price.
“Bitcoin: it’s time for round two. $100,000 is a magnet.”
Bitcoin currently trades for $69130, an increase of more than 2% over the past 24 hours.
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Source: dailyhodl.com
