Rally

Dogecoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/dogecoin-price-analysis-top-reasons-why-doge-price-could-surpass-its-ath-in-the-next-rally/">Dogecoin Price Analysis: Top Reasons Why DOGE Price Could Surpass its ATH in the Next Rally</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Dogecoin (DOGE) has undeniably experienced significant growth since the end of the 2021 crypto bull rally, despite enduring a 19-month bear market. </p> 
<p>According to on-chain data from Tokenview, the Dogecoin network boasts approximately 5.8 million holders who have facilitated over 171 million transactions. It’s worth noting that Dogecoin maintains a total hash rate of around 869 TH/s and a mining difficulty of 12.98 million, which provides a high level of security against a 51 percent attack.</p> 
<h2 class="wp-block-heading" id="h-why-dogecoin-price-is-well-positioned-for-more-growth">Why Dogecoin Price is Well-Positioned for More Growth?</h2> 
<p>One of the primary reasons why Dogecoin is well-positioned for further growth is its strong ecosystem, buoyed by unwavering support from tech billionaire Elon Musk. Musk prominently displays his affiliation with Dogecoin through his X status and has issued numerous tweets expressing his support for this meme coin. Additionally, Musk has mentioned that he purchased some Dogecoin as a long-term investment for his son.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Ðoge coin. <br><br>A short thread<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">on why Ðoge might make a move. <br><br>Stockmoney Lizards<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98e.png" alt="🦎" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/tgYQZghxzB" rel="noopener noreferrer nofollow">pic.twitter.com/tgYQZghxzB</a></p>— Stockmoney Lizards (@StockmoneyL) <a href="https://twitter.com/StockmoneyL/status/1704226450696503516?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 19, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>As a result, Dogecoin is well-prepared to surpass its all-time high (ATH) during the next crypto bull rally. According to a crypto analyst using the pseudonym Stockmoney Lizard on the X platform, the forthcoming Bitcoin halving, which is just six months away, and the imminent integration of Dogecoin into the X platform for payments, are the missing bullish triggers.</p> 
<p>DOGE price has consistently outperformed Bitcoin since its inception, and this momentum is expected to persist in the future, despite diminishing returns. Furthermore, Dogecoin’s annual inflation is projected to decrease by as much as 1.9 percent by the year 2050.</p> 
<p>From a technical perspective, the Dogecoin price has been forming a symmetrical triangle, signaling a potential breakout towards a new all-time high (ATH).</p>

Dogecoin Price Analysis: Top Reasons Why DOGE Price Could Surpass its ATH in the Next Rally

Table of Contents

CoinPedia News

Other articles published on Sep 20, 2023

Investing $100/week into Ethereum in 2023 would be this worth today

Bybit adds PayPal USD stablecoin, PYUSD, to its platform

Grayscale Bids Farewell to Post-Merge Ethereum Amidst Staking Boom

5 Base Ecosystem Projects That Will Dominate The Market in 2023

Singapore police report higher total involved in money laundering case

Shiba Inu: AI Says 'Exciting Ups' Lie Ahead for SHIB

Join our free newsletter for daily crypto updates!