CandleFocus Dogecoin (DOGE) Can "Run" to $1, Top Trader Predicts
2024-10-18
Author: Content Editor
DonAlt, a popular cryptocurrency trader, predicts that Dogecoin (DOGE) has the potential to reach $1 as long as the broader cryptocurrency market remains bullish. Despite being a meme cryptocurrency that originated in 2013, DOGE has retained its position in the top 10 cryptocurrencies. It currently has a market value of $20.3 billion, surpassing the value of Nippon Steel and Suzuki Motors. DOGE has recently shown strong performance, gaining nearly 15% in the past 24 hours and 25% in a week. However, it is still down 81% from its highest peak in May 2021. Nevertheless, only 12% of DOGE holders are underwater, according to IntoTheBlock. DonAlt believes that the familiarity of the general public with Dogecoin gives it an advantage over other projects, making it more likely to attract mainstream attention and potentially reach the $1 mark.
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