A leading cryptocurrency expert and trader suggests that Dogecoin (DOGE) could achieve a new all-time high during this cycle.
The pseudonymous analyst DonAlt informs his 591,700 followers on the platform X that the memecoin might soar by over 624% from its current price.
“Here’s the chart supporting my view. I purchased at around $0.12 and believe it has the potential to reach $1 if the crypto market remains stable. However, I’m uncertain. Make your own choice; I won’t guide anyone if it reverses. It’s a meme, fundamentally useless and valueless, and only a few trade this asset.”
The analyst states that DOGE has a short window of a couple of weeks to show movement; otherwise, he will exit.
“I give it two weeks, take it or leave it.”
Moreover, the analyst mentions that a significant rally for the well-known meme could revitalize interest in the broader cryptocurrency market.
“The reason I’m bullish on DOGE is straightforward: we’ve witnessed intense PVP (player versus player) meme competition, along with significant surges, yet nobody outside our circle seems to care.
If you genuinely want to supercharge this cycle and attract mainstream attention, you need to pump something high-profile that they recognize. Memes have been trending, and DOGE is the cryptocurrency meme that is widely known. Plus, the chart is looking decent.
I wish people would focus on the technology, rather than just investing in something destined to drop to zero in the future, to be honest. I have no long-term confidence in DOGE generally, but for now, it’s well-positioned to be the spark that draws attention back to crypto, provided it rallies enough. Or it might just fade away. Nothing is certain, except the knowledge that all these memes are likely to drop to zero eventually.”
DOGE is currently trading at $0.138, having risen by 8.2% in the last 24 hours.
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Disclaimer: The views expressed in The Daily Hodl do not constitute investment advice. Investors should conduct their own due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
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