Dogecoin

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<p>Dogecoin (DOGE) seems poised for a massive rally. Eric Cryptoman, a top crypto analyst, shared his insights on X, drawing parallels between the current market scenario and the 2021 GameStop (GME) short squeeze. His analysis suggests a potential surge in DOGE, driven by a combination of market trends and influential endorsements.</p>
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   <p lang="en" dir="ltr">Whilst you are all out touching grass &amp; on mental health breaks I'm loading the boat with <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOGE</a><br><br>Study what happened post <a href="https://twitter.com/hashtag/GME?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#GME</a> pump in 2021, it was the spark needed for the real rally. This time we even have <a href="https://twitter.com/Cobratate?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Cobratate</a> pushing the narrative to his army of sheeple. <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> 70x'd… <a href="https://t.co/oIWyPSGi9r" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/oIWyPSGi9r</a></p>— Eric Cryptoman (@EricCryptoman) <a href="https://twitter.com/EricCryptoman/status/1790430695338234341?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 14, 2024</a>
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<h2 class="wp-block-heading" id="strong-historical-context-and-market-analysis-strong"><strong>Historical Context and Market Analysis</strong></h2>
<p>Eric Cryptoman pointed out the rise of Dogecoin following the GameStop pump in 2021. He noted, <em>“DOGE 70x’d in quick succession after the last GME short squeeze.”</em> This historical reference sets the stage for his bullish outlook on DOGE. He believes that a similar catalyst might be in play, indicating the start of a retail run. Eric highlighted the role of notable figures like Andrew Tate, who are pushing the DOGE narrative to a broad audience.</p>
<p>The analyst emphasized the potential impact of Elon Musk, whose tweets have previously sent DOGE prices soaring. Eric stated,<em> “We are one @elonmusk tweet away from dog money being the centre of attention again.”</em> Musk’s influence on the cryptocurrency market, particularly with Dogecoin, is well-documented. His endorsement could trigger a price movement, bringing DOGE back into the spotlight.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/meme-coin-watch-dogecoins-doge-bullish-momentum-and-shiba-inus-shib-potential-upswing/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Meme Coin Watch: Dogecoin’s (DOGE) Bullish Momentum and Shiba Inu’s (SHIB) Potential Upswing</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-current-market-trends-strong-strong-speculation-and-predictions-strong"><strong>Current Market Trends</strong>, <strong>Speculation and Predictions</strong></h2>
<p>At press time, Dogecoin is trading at <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="noopener noreferrer nofollow">$0.1485,</a> experiencing a 2.10% decline in the last 24 hours but showing a 0.54% increase over the past week. In contrast, GameStop’s stock has seen a notable rise, with a 63.00% increase in the last 24 hours and a 3,856.64% increase over the past seven days to <a href="https://www.coingecko.com/en/coins/gme" target="_blank" rel="noopener noreferrer nofollow">$0.02016</a>. These movements in GME are seen as a potential precursor to a similar trend in DOGE.</p>
<p>Eric Cryptoman roots his analysis in the potential for a super liquid 2-3x increase in DOGE’s value, although he remains cautious about expecting a repeat of the 2021 surge. He stated,<em> “Do I think it’ll happen like 2021? No, but a super liquid 2-3x would be nice, any higher is a bonus.”</em> His measured optimism reflects a realistic perspective on market dynamics while acknowledging the possibility of gains.</p>
<p>Moreover, Eric Cryptoman remarked on the cultural impact of Dogecoin, saying, <em>“#GME / #WSB etc makes people think of #DOGE, the crypto <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> stock even your grandma knows.”</em> This broad recognition adds to the potential for a surge, as mainstream attention often leads to increased market activity.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-meme-coin-to-soar-following-gamestops-gme-price-rally-heres-why/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Meme Coin to Soar Following GameStop’s GME Price Rally – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Meme Coin to Soar Following GameStop’s GME Price Rally – Here’s Why

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