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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-dogecoin-surge/" data-wpel-link="internal">Analyst Predicts Significant Dogecoin Surge</a> 
The number one meme coin in the cryptocurrency world, DOGE, has always attracted investors’ interest. <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">Elon Musk</a>‘s past open support and constant rumors about its involvement in payment systems with X position DOGE in a unique spot. Consequently, analysts’ attention naturally shifts towards DOGE. One of the closely followed analysts in the cryptocurrency world has expressed views indicating a potential rise in Dogecoin (DOGE). 
<h2 style="text-align: justify" id="analyst-s-dogecoin-commentary">Analyst’s Dogecoin Commentary</h2> 
One of the leading analysts in the cryptocurrency world, Kaleo, shared his views on X. The analyst, perhaps predicting <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>, suggested that Dogecoin could explode by 700% to 1,500% from its current level. 
<blockquote> 
 I still believe we are in a meme coin super cycle and will see DOGE sent to $1 – $2. History tells us that we likely have some time to prepare before this happens. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365805" src="https://coin-turk.com/wp-content/uploads/2024/06/doge-grafik-1-coin-turk-com.png" alt="" width="928" height="432"> 
As of the time of writing, an analysis of DOGE’s price and market shows its value at $0.1236 after a 0.33% drop in the last 24 hours. Additionally, its market trading volume reached $17.9 billion. 
On the other hand, the 24-hour trading volume increase was notable. DOGE’s trading volume rose above $588 million after a 12% increase. 
<h2 style="text-align: justify" id="when-will-doge-rise-according-to-the-analyst">When Will DOGE Rise According to the Analyst?</h2> 
Kaleo also commented on the potential date when Dogecoin might rise and shared his views: 
<blockquote> 
 Each of these moves took about eight to nine months before starting to rise after previous Dogecoin rallies and <a href="https://en.coin-turk.com/bitcoin-signals-a-parabolic-rally-according-to-top-crypto-analyst-techdev/" data-wpel-link="internal">Bitcoin</a> halvings. Currently, only two months have passed since the last Bitcoin halving. Keeping this in mind, a real breakout/expansion movement is more likely to occur around December – February. 
</blockquote> 
However, the analyst also made a bearish prediction, stating that Dogecoin’s price could potentially drop by 36% before the mentioned rise: 
<blockquote> 
 Considering this, it wouldn’t surprise me to see the current uptrend pull back to the eight to ten cent range and retrace the move from around $0.09 to $0.22 we saw in February. A similar trend break with about a 30% drop and pullback occurred in August 2020, a few months before DOGE went mainstream and gigasending began. 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-dogecoin-surge/" data-wpel-link="internal">Analyst Predicts Significant Dogecoin Surge</a></h5>

Analyst Predicts Significant Dogecoin Surge

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Ďalšie články zverejnené 27. 6. 2024

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