A leading cryptocurrency analyst and trader believes that Dogecoin (DOGE) could hit a new all-time high this cycle.
Pseudonymous analyst DonAlt tells his 591,700 followers on social media platform X that memecoin could rise by more than 624% from its current value.
“This is the table from my thesis. I bought $0.12 and I think it can reach $1 as long as the crypto market doesn’t disappear again. That said, I don’t know. That’s what you do, you won’t hold anyone’s hand if this backfires. It’s an inherently useless and worthless meme that only stunts the commerce of this thing.
Analyst says DOGE has a few weeks to make a move; otherwise, he is outside.
“I’m giving it two weeks, take it or leave it.”
The analyst also claims that a big rally for the well-known meme could boost the broader crypto market by reigniting enthusiasm for digital assets.
“The reason I love DOGE is pretty simple: we had PVP (player versus player) trench warfare, amazing pumps and no one outside our bubble cares.
If you really want to take it to the next level while still attracting normies, you need to offer something high-profile that they’ve already heard of. Memes have been meta and DOGE is the crypto meme that people know. That and the chart look good.
I wish people would come for the technology instead of buying something that will go to zero later, to be honest, and I generally have no long term confidence in DOGE, but right now it’s fine positioned to be the rocket that draws eyes to crypto again. if it works just enough. Or it stops, nothing is guaranteed other than the fact that all these memes will eventually disappear. »
DOGE is trading at $0.138 at the time of writing, up 8.2% in the last 24 hours.
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