2024

Rally

Cardano

Dogecoin

Dogecoin recently <a href="https://www.newsbtc.com/analysis/doge/dogecoin-price-pumps-to-0-20/">jumped to the $0.2 level</a> for the first time since November 2021 amidst a month of <a href="https://www.newsbtc.com/news/bitcoin-on-the-brink-price-soars-above-68000-will-btc-break-its-2021-record/">exceptional bullish price action</a>. Notably, DOGE is currently up by 128% this month and 97% in the past seven days, giving DOGE holders something to be happy about. According to a crypto analyst, this price surge is expected to continue and go parabolic to the $1 mark in this market cycle.&nbsp; 
<h2 id="dogecoin-set-to-perform-exceptionally-well">Dogecoin Set To Perform Exceptionally Well</h2> 
<a href="https://bitcoinist.com/bitcoin-price-nears-all-time-high-5-key-factors/" rel="nofollow">Current market dynamics</a> and <a href="https://bitcoinist.com/bitcoin-price-breaks-above-65000-here-are-the-factors-behind-it/" rel="nofollow">bullish sentiment</a> have seen DOGE shooting up in market capitalization after an <a href="https://bitcoinist.com/dogecoin-etf-30-chance-approval/" rel="nofollow">extended consolidation period</a>. A recent surge past the $0.20 price level saw DOGE briefly overtaking Cardano and jumping up to the eighth position in market cap rankings.&nbsp; 
In a post shared on social media platform X, a crypto analyst known as Altcoin Sherpa, noted this recent surge as a sign of better things to come in this cycle. While the analyst didn’t give a particular price point, he noted that a $1 price per Dogecoin wouldn’t be too surprising. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$DOGE</a>: Several notes on this one- -Its going to go to crazy <a href="https://twitter.com/hashtag/s?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#s</a> this cycle, I don’t know what. $1 wouldn’t honestly surprise me. 
 -Chart itself looks good, consolidated for like 600 days. 
 -Given the overall mc, this one is NOT going to give you as big of gains as… <a href="https://t.co/ifNdTGCr9L" rel="nofollow">pic.twitter.com/ifNdTGCr9L</a> 
 — Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1763212758235992237?ref_src=twsrc%5Etfw" rel="nofollow">February 29, 2024</a>
</blockquote> 
Interestingly, the $1 level would mean a ride to uncharted territory for DOGE, as the crypto is yet to cross above $0.8. A surge to $1 would mean a 465% surge from the current price level and past its current all-time high of $0.74. 
The analyst noted that he doesn’t expect DOGE to perform as well as other meme-inspired cryptocurrencies with lower market caps like WIF, PEPE, and BONK, but its deep liquidity provides more of a stable investment. He also noted that DOGE and SHIB will probably take turns leading gains among meme coins. 
<h2 id="meme-coins-continue-to-shine">Meme Coins Continue To Shine</h2> 
The meme coin market has grown significantly since the early days of DOGE’s creation, which started out as a joke. Since then, tons of meme coins have been created, but Dogecoin continues to solidify its position as the largest meme coin in terms of market cap, <a href="https://www.newsbtc.com/news/company/dogecoin-price-prediction-why-doge-is-set-for-explosive-rally-in-march/">demonstrating signs of renewed enthusiasm</a> every so often. 
At the time of writing, DOGE is trading at $0.18. Data from Coinglass shows that the open interest on DOGE futures contracts is now at $1.62 billion, a 10% increase in the past 24 hours.&nbsp; 
Other meme coins are also witnessing strong interest. According to Santiment, SHIB, PEPE, FLOKI, and BONK have seen an <a href="https://www.newsbtc.com/press-releases/meme-coin-sector-reaches-6-13-billion-trading-volume-today-led-by-shib-befe-pepe-and-doge/">increase of over 3,000%</a> in trading volume in the past week. The on-chain analytics platform credits the increase in trading volume to surging prices and increased crowd interest. 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Memecoins</a>, particularly those that have been trending over the past week, have skyrocketed in trading volume due to surging prices and increased crowd interest. On average, <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$SHIB</a>, <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$PEPE</a>, <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$FLOKI</a>, and <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$BONK</a> has seen volume rise +3,000% in the past week. <a href="https://t.co/MMHxbMotu0" rel="nofollow">https://t.co/MMHxbMotu0</a> <a href="https://t.co/AiIaEbgGIz" rel="nofollow">pic.twitter.com/AiIaEbgGIz</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1764553079595401356?ref_src=twsrc%5Etfw" rel="nofollow">March 4, 2024</a>
</blockquote> 
<a href="https://www.newsbtc.com/shiba-inu/shiba-inu-blasts-into-top-10/">SHIB</a>, <a href="https://www.newsbtc.com/analysis/pepe/pepe-coin-soars-over-250-will-march-bring-more-surprises/">PEPE</a>, <a href="https://www.newsbtc.com/news/floki-grows-over-300-as-memecoin-breaches-400-million-tvl-details/">FLOKI</a>, and <a href="https://www.newsbtc.com/news/solana/solanas-memecoin-bonk-reaches-1-6-billion-market-cap-witnesses-explosive-100-price-rally/">BONK </a>are up by 277%, 256%, 204%, and 145% respectively in the past seven days, outperforming DOGE during the time frame.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/tlldzCeb/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1530">

Analyst Predicts Massive Rally For Dogecoin Price With A $1 Target, Here’s How

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