Category: Crypto News, News
Could DOGE Hit $12 In The Future?
At press time, DOGE is trading at just $0.16, so predictions for DOGE reaching $1 are extremely optimistic and distant. However, one prediction is especially bullish: the $12 mark. Investors are questioning whether a pump to $12 could come true after a TradingView trader put forth a compelling price prediction.
TradingView user Crypto Kinfolk noted two previous major price run-ups. According to the trader, DOGE saw “over 21,000% gains between 2015 and 2017”, before “touching over 50,000% gains during the 2020/2021 crypto bull market.” The market watcher added, “Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period, and eventually, a mind-melting bull run. We have completed the bear market and are currently breaking out of accumulation.”
What Does The Path Look Like For Dogecoin To Reach $12?
Also Read: Robert Kiyosaki Predicts Bitcoin To Hit $350,000: Here’s When
According to Crypto Kinfolk, he is targeting DOGE to reach $4.20, $10.10, and $12 in its distant bullish phase. With the meme coin market facing an intense faceoff as new meme coins continue to gain momentum, DOGE may have to encounter a few hurdles before it amps up its price level. However, the asset hasn’t been the top meme-coin on the market for the past decade for little reason. It has a feverish community of supporters backing it and has a history of being a top-10 cryptocurrency asset consistently. Its $23.23B market cap ranks it 8th amongst all digital assets.
Dogecoin has had little movement in the last week, gaining less than 1% in seven days and sinking the same amount in the last 24 hours.
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