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Dogecoin bull run has ‘just started,’ according to analyst

Author: Content Editor
The article highlights the bullish market conditions in the cryptocurrency market, driven by the surge in Bitcoin prices after the 2024 U.S. presidential election. Dogecoin, one of the popular meme coins, has outperformed Bitcoin in terms of price increase this year. The upcoming cabinet's favorable stance on cryptocurrencies and the announcement of a presidential advisory commission have further boosted Dogecoin. A technical indicator called the price momentum oscillator (PMO) suggests that the bull run for Dogecoin has just started and it has a long way to go. However, it should be noted that technical indicators are not entirely reliable. Despite that, analysts are generally optimistic about Dogecoin's growth potential, especially if alt season begins, which could attract more capital and extend the rally.

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