CandleFocus Dogecoin Could Skyrocket by Over 600%, According to Top Crypto Trader – Here’s How
2024-10-20
Author: Content Editor
A cryptocurrency analyst and trader believes that Dogecoin (DOGE) could reach a new all-time high this cycle, potentially surging more than 624% from its current value. The analyst cites the chart as the basis for this thesis and expresses optimism that DOGE could run to $1 as long as the overall crypto market remains stable. However, the analyst also acknowledges that DOGE is inherently useless and valueless, highlighting the speculative nature of trading this meme cryptocurrency. The analyst gives DOGE a two-week window to make a move before deciding whether to continue holding or exit the position. Additionally, the analyst argues that a significant rally in DOGE could help reignite excitement for digital assets and attract new investors to the broader crypto market. Despite this optimism, the analyst admits to having no long-term faith in DOGE and expects all meme coins to eventually reach zero in value. At the time of writing, DOGE is trading at $0.138, experiencing an 8.2% increase in the past 24 hours.
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