Dogecoin

Sherpa

<div class="dailyhodl">
 A popular crypto trader believes dog-themed digital asset Dogecoin (DOGE) could skyrocket more than 6x the current value.
 The pseudonymous analyst known as Altcoin Sherpa tells his 209,800 followers on the social media platform X that DOGE could hit the $1 level with help from one of the memecoin’s biggest cheerleaders, billionaire Elon Musk.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 Musk’s public show of support for DOGE, which some believe he will integrate into X as a payment function one day, has coincided with big rallies.
 However, the trader warns the timing of his prediction is uncertain and could take months.
 “DOGE: some random notes on this one:
 -I think that this does something stupid, like go to $1-plus or something. It’s got too much firepower with Elon and is still king meme. 
 -When this happens? I have no idea. Could be now, could be six months from now. 
 -It won’t give you the same returns as 2021 given market cap. 
 -This is a *relatively* safe trade in my opinion (IMO). Like I think the chances of this doing several x is quite high. Is it going to be better risk to reward ratio than longing other stuff like SOL? I don’t know. Go as far down the risk curve as you want.” 
 The trader is also closely watching whether DOGE can flip two key resistance levels into support at $0.20 and $0.35, which would help confirm his bullish stance.
 “The chart looks great in my opinion. Chopped for 650 days and then exploded up. $0.20 and $0.35 are the next interesting areas up.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GH8vtGXWUAAUPVC?format=png&amp;name=4096x4096" alt="Image" width="2173" height="1179">
 <figcaption class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 DOGE is trading for $0.15 at time of writing, up 5.6% in the last 24 hours.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-dogecoin-has-too-much-firepower-could-skyrocket-by-over-500-but-there-s-a-catch-tbt81874.html">https://thebittimes.com/crypto-trader-says-dogecoin-has-too-much-firepower-could-skyrocket-by-over-500-but-there-s-a-catch-tbt81874.html</a>

Crypto Trader Says Dogecoin Has ‘Too Much Firepower,’ Could Skyrocket by Over 500% – But There’s a Catch

TheBitTimes

2024년 3월 7일에 게재된 다른 기사

US Government To Destroy Collected Bitcoin Mining Data; Ripple Gains Momentum; InQubeta (QUBE) Ne...

Pantera Capital fundraising to acquire discounted SOL tokens from FTX Estate

1st Report Of March 2024

Pantera Plans to Acquire Large Solana Stake From FTX Estate

El Salvador Earns $54 Million Profit On Bitcoin Investment As Nation’s BTC Holdings Surge Past $1...

Tether (USDT) Holders Enthralled by Raffle Coin (RAFF) Presale: Ethereum (ETH) Surpasses $3,500 A...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!