Rally

2024

Dogecoin

Sherpa

<img width="1280" height="731" src="https://coingape.com/wp-content/uploads/2024/03/photo_2024-03-06_19-04-35.jpg" class="attachment-full size-full wp-post-image" alt="dogecoin price analysis" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/03/photo_2024-03-06_19-04-35.jpg 1280w, https://coingape.com/wp-content/uploads/2024/03/photo_2024-03-06_19-04-35-300x171.jpg 300w, https://coingape.com/wp-content/uploads/2024/03/photo_2024-03-06_19-04-35-1224x699.jpg 1224w, https://coingape.com/wp-content/uploads/2024/03/photo_2024-03-06_19-04-35-768x439.jpg 768w, https://coingape.com/wp-content/uploads/2024/03/photo_2024-03-06_19-04-35-150x86.jpg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
<p>Amidst significant price surges in recent weeks, Dogecoin (DOGE), the world’s largest memecoin, continues to attract investors’ attention. Over the past 24 hours, the <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener">Dogecoin (DOGE) price</a> has surged by an additional 10%, now trading at $0.1669, with a market capitalization of $23.93 billion</p> 
<h3 id="dogecoin-doge-price-eyes-1-by-mid-april">Dogecoin (DOGE) Price Eyes $1 By Mid-April</h3> 
<p>With DOGE price already gaining 108% over the last month, analysts expect there’s still much steam left in the rally ahead. Renowned crypto analyst Ali Martinez has made a bold prediction regarding the price trajectory of Dogecoin ($DOGE). Martinez suggests that based on historical trends, Dogecoin has the potential to reach $1 by mid-April, marking a significant milestone for the popular meme cryptocurrency.</p> 
<p>This means that the world’s largest memecoin would be a $100 billion asset within a month from now. Martinez bases his prediction on the <a href="https://coingape.com/dogecoin-doge-price-jumps-30-past-12-cents-beginning-of-parabolic-rally/" target="_blank" rel="noopener">parabolic rally</a> that the DOGE price incurred during the last bull runs of 2021 and before that.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">This may sound wild, but if history is any guide, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> $DOGE&nbsp;could hit $1 by mid-April! <a href="https://t.co/UAgldPcDbh">pic.twitter.com/UAgldPcDbh</a></p> 
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1766039677608296715?ref_src=twsrc%5Etfw">March 8, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Another pseudonymous crypto trader Altcoin Sherpa has also shared a similar outlook with Dogecoin (DOGE) price target of $1. The trader is closely monitoring two significant resistance levels for Dogecoin, specifically at $0.20 and $0.35. Expressing optimism, the trader <a rel="nofollow" href="https://twitter.com/AltcoinSherpa/status/1765184155007045958" target="_blank">notes</a>, “The chart appears promising to me. After a 650-day period of volatility, it has surged upward. The upcoming intriguing zones are at $0.20 and $0.35”.</p> 
<h3 id="doge-whale-transactions">DOGE Whale Transactions</h3> 
<p>According to recent data analysis by IntoTheBlock, there has been a significant increase in the number of ‘DOGE millionaires’—addresses holding at least $1 million worth of Dogecoin cryptocurrency. This surge has been particularly notable since late February, with a substantial rise observed in investors falling within the $1 million to $10 million bracket, often categorized as sharks or smaller whales in the crypto market.</p> 
<p>As a result of this surge in DOGE value, the total count of these high-value holders has surpassed 800, signaling a notable increase in high-tier investment activity within the Dogecoin ecosystem.</p> 
<p>After a period of dormancy spanning 10.2 years, a previously inactive Dogecoin (DOGE/USD) wallet has suddenly become active. According to <a rel="nofollow" href="https://blockchair.com/dogecoin/" target="_blank">data</a> from Blockchair.com, this wallet currently holds 747,645 DOGE, equivalent to approximately $119,623 based on the current value.</p> 
<p>On Thursday, the enigmatic owner of this wallet initiated a transfer of 100 DOGE from their substantial holdings to another undisclosed wallet.</p> 
<p>Dogecoin recently witnessed a surge in its value, nearly reaching the $0.2 mark on March 5th, before experiencing a decline. Since then, the DOGE price dropped 35% of its value, with prices plummeting to a low of $0.13. However, over the past 24 hours, it rebounded with a notable 30.2% increase, only to retract by 12%, currently stabilizing around $0.1574.</p> 
<p>The post <a href="https://coingape.com/dogecoin-doge-price-gearing-for-a-6x-rally-april-says-analyst/">Dogecoin (DOGE) Price Prepares for 6x Rally to $1 by Mid-April, Says Analyst</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Dogecoin (DOGE) Price Prepares for 6x Rally to $1 by Mid-April, Says Analyst

Table of Contents

Coingape News Media

Other articles published on Mar 8, 2024

Secret Bull Run Signal Indicates Gains For This Altcoin This Week

Historical Moment: Bitcoin Breaks All-Time High Record

DOGE Price Jumps 95%: Could Selling Cause a Drop?

4 Must-Watch Coins Leading the Altcoin Charge

Ethereum Enthusiasts Anticipate Price Surge as Key Milestone Nears

Ankr and Babylon Launching First Bitcoin Staking Solution

Join our free newsletter for daily crypto updates!