Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-potential-for-dogecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Significant Potential for Dogecoin</a><br></p>
<p style="text-align: justify">While developments continue in the cryptocurrency world, Bitcoin’s price once again visited above $68,000 but then pulled back. Following this price movement, BTC continues to find buyers at the $67,800 level as of the time of writing. While BTC’s price movement is like this, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>‘ eyes are on meme coins, and there have been movements in DOGE, the meme coin closest to BTC in the last 24 hours. As these events unfold in the market, a well-known figure in the cryptocurrency world also commented on DOGE.</p>
<h2 style="text-align: justify" id="analyst-s-doge-comment">Analyst’s DOGE Comment</h2>
<p style="text-align: justify">According to a closely followed analyst and trader in the cryptocurrency world, Dogecoin (DOGE) has the potential to reach new unprecedented highs in the current cycle.</p>
<p style="text-align: justify">According to the analyst named Kaleo’s statements on X, DOGE’s price could increase between 706% and 1,512% in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a>. Considering DOGE is currently 81% away from its ATH, this situation could indeed pave the way for a move to new ATHs.</p>
<blockquote>
 <p>I still believe we are in a <a href="https://en.coin-turk.com/cryptocurrency-market-sees-major-gains-in-meme-coins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> super cycle and we will see DOGE move to $1 and $2. History tells us we likely have some time to prepare for this before it happens.</p>
</blockquote>
<p style="text-align: justify">According to Kaleo, Dogecoin could experience a 35% drop from its current value before starting its price rise.</p>
<blockquote>
 <p>With this in mind, it wouldn’t surprise me to see the current uptrend pull back to the $0.08 – $0.10 range, and the rise we saw in February pull back from around $0.075 to $0.23.</p>
</blockquote>
<p style="text-align: justify">The analyst states that his bullish sentiment on DOGE is based on the parallelism of the meme coin’s previous price movements with its current market cap.</p>
<blockquote>
 <p>For those who say DOGE is boring – you are mostly right. It spent approximately 9.5 years of its existence in horizontal or downward trends. The other 1 year? It had another run that brought price increases of about 6,000% and over 30,000% from the lowest levels. The time it has spent moving sideways since the last all-time high is similar to the previous two sideways ranges before breaking out. Each of these moves took about 8 to 9 months before starting to rise after the halving.</p>
</blockquote>
<h2 style="text-align: justify" id="how-much-is-doge-now">How Much is DOGE Now?</h2>
<p style="text-align: justify">Things were going well for Dogecoin and its investors. DOGE’s price is finding buyers at the $0.1333 region as of the time of writing, following a 9.92% rise in the last 24 hours.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-374298" src="https://coin-turk.com/wp-content/uploads/2024/07/doge-coin-turk-com-4.png" alt="" width="1037" height="60"></p>
<p style="text-align: justify">DOGE’s 1-hour price movement is entirely neutral, while its 7-day price change is positive at 6.73%. DOGE’s market cap also approached $20 billion again during this period, reaching $19.3 billion. On the other hand, DOGE’s 24-hour trading volume decreased. After the decrease, the trading volume fell to $780 million.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-significant-potential-for-dogecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Significant Potential for Dogecoin</a></h5>
<p>The post <a href="https://en.coin-turk.com/analyst-predicts-significant-potential-for-dogecoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Significant Potential for Dogecoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Analyst Predicts Significant Potential for Dogecoin

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