DOGE's Current Price Echoes Pre-Surge Levels of 2021
Crypto News

DOGE's Current Price Echoes Pre-Surge Levels of 2021

2m
7mo ago

Dogecoin's market value mirrors its pre-boom days of 2021, stirring expectations of an imminent surge

DOGE's Current Price Echoes Pre-Surge Levels of 2021

Table of Contents

Cover image via U.Today
Dogecoin (DOGE), the cryptocurrency that originally started as a joke, has been trading at prices akin to those before its significant rise in the spring of 2021.

Popular crypto analyst Kaleo predicted a potential rally for the meme-inspired coin. 

According to Kaleo, DOGE, currently priced nearly identical to its pre-surge level in 2021, could see a rapid increase in value, 

The leading meme coin potentially reached the 9 to 10 cents range shortly and then surged to approximately 15 cents.

Anticipated market movements

Kaleo's playbook suggests a fast-paced climb for DOGE, with intermittent plateaus. 

The prediction, which is based on historical price action, hints at a swift movement to a high of around 20 cents. It is tied to Bitcoin's performance. 

The analyst, while hopeful, tempers expectations with a realistic outlook, doubting a rally to the dollar mark. 

In early 2021, Dogecoin experienced a meteoric rise that captured the attention of both seasoned cryptocurrency traders and the general public alike. The massive rally was mostly propped up by a string of celebrity endorsements. 

However, as of now, Dogecoin is now a whopping 89.51% from its all-time high. 

Dogecoin's 24-hour performance  

Over the past 24 hours, Dogecoin has shown moderate volatility, according to data provided by CoinGecko

With a substantial increase of 4.1%, the cryptocurrency's price fluctuated between $0.074 and $0.077. 

Dogecoin maintains a substantial market capitalization of over $10 billion, with a 24-hour trading volume nearing $834 million.

0 people liked this article

Related Articles

Crypto News
Spot ETF Approval Timing Could Create A Perfect Storm For BTC
According to John E. Deaton, founder of Crypto-Law.us, a combination of critical events would lead to the achievement of Max Keiser’s prediction that Bitcoin price would reach $220,000 in the next ...
7mo ago
2m
Crypto News
HSBC Taps Metaco for Tokenized Securities Custody
HSBC is gearing up to provide digital asset custody services to institutional investors, just a week after enabling the ownership of tokenized gold. The London-based institution’s upcoming service ...
7mo ago
2m
Crypto News
What’s Happening with Dogecoin Amidst the Recent Bitcoin Drop?
Developments in the cryptocurrency market continue at full speed. Recently, Bitcoin, which rose to the level of $38,000, lost $2,000 in value in the last few hours. The post What’s Happening with D...
7mo ago
3m
Crypto News
Cardano’s bull run: Why the price is up and what’s next for ADA
Cardano’s rise in TVL and active addresses postulates a positive trend, but will this trajectory hold? We delve into the market and explore experts’ price predictions for ADA.Cardano (ADA), a third...
7mo ago
9m
Crypto News
Upbit Ensures User Asset Safety During SUI Wallet Maintenance
SEOUL, South Korea, November 10, 2023 -- South Korea\'s largest cryptocurrency exchange, Upbit, has announced a temporary suspension of withdrawal and deposit services for SUI due to the wallet mai...
7mo ago
1m
Crypto News
Shiba Inu Price Prediction: Burn Rate Skyrockets 3300% As Uptrend Wanes, What’s Holding SHIB Back?
Shiba Inu (SHIB) price is in the red as it gives back the gains accrued this week amid increased profit-booking. The second-largest meme coin has decreased 2% in the last 24 hours to trade at $0.00...
7mo ago
4m