Analyst Crypto Universe forecasts that the Dogecoin price is set to surpass 100% growth, reaching $0.37. The practicality of this prediction is intriguing, but what truly captured the attention of the crypto community was the timeline he provided for this expected rise.
Timeline for Dogecoin to Hit $0.37
According to an X post by Crypto Universe, the Dogecoin price is anticipated to hit $0.37 within the next two weeks, climbing over 100% from its present value. This surge would be a significant milestone for DOGE, establishing a new yearly high for the leading meme coin and potentially setting the stage for a push toward its current ATH of $0.73.
In reply to some inquiries from followers, Crypto Universe also shared thoughts on how Dogecoin could achieve a new ATH. He first mentioned that there would be no advantage in selling the meme coin at $0.37, as that would be considered selling “too early.” He anticipates a price correction following the November 5 US elections.
After this price retest, the analyst envisions the Dogecoin price will surge to $1, which would mark a new ATH for the leading meme coin. However, Crypto Universe believes that $1 will not be the peak for DOGE, suggesting that it could eventually reach $4.2.
A climb to $4.2 from Dogecoin’s current price signifies nearly a 2,900% increase. Although this might seem like an ambitious goal, Dogecoin investors are feeling hopeful about DOGE’s prospects, especially with the world’s richest individual, Elon Musk, once again promoting the leading meme coin.
Last week, Dogecoin was among the top gainers in the cryptocurrency market, with an increase exceeding 30%. This price increase was largely attributed to Musk, who highlighted the meme coin during several ‘D.O.G.E’ mentions, including one at a town hall meeting in Pennsylvania.
DOGE Poised for Takeoff
Kevin Capital, a self-proclaimed “Dogecoin lead analyst on X,” noted in an X post that the Dogecoin price is primed for a meteoric rise to the moon. He revealed that DOGE’s 2-week money flow has recently turned positive for only the third time in its history. As he pointed out, the two prior instances were in March 2021 and November 2017.
Those times signified the concluding phases of the last two Dogecoin bull cycles, with the meme coin achieving new peaks shortly thereafter. For instance, in 2021, Dogecoin surged around March to reach its current ATH of $0.73 by May.
As of now, the Dogecoin price stands at approximately $0.148, reflecting a nearly 5% increase over the last 24 hours, according to CoinMarketCap data.
Featured image created with Dall.E; chart from Tradingview.com
