πŸš€πŸ• Dogecoin Price To $24? Analyst Says No One Will Believe It Until It Happens

Irma - Oct 27 - - Dev Community

πŸš€ A crypto analyst has forecasted a massive price surge for Dogecoin ( $DOGE ), predicting it could hit $24 soon. While Dogecoin currently trades below $1, this bold prediction has shocked skeptics, as the analyst remains confident that the king of meme coins is set for a major rally.

πŸ• Dogecoin has struggled below $1 for years, with significant price fluctuations. Unlike its competitor Shiba Inu (SHIB), which has seen recent gains, Dogecoin has faced substantial declines, leading some investors to liquidate their holdings.

πŸ“ˆ Despite the bearish trend, an analyst known as 'CEO' on X (formerly Twitter) has sparked new optimism with a bullish prediction. He shared what he calls the β€œultimate Dogecoin chart,” suggesting the meme coin could reach $24 soon. The chart shows Dogecoin’s past bearish phases followed by explosive rallies, hinting at a similar breakout now.

πŸ’‘ While a $24 target may seem unrealistic, the CEO believes skeptics will be proven wrong. Dogecoin’s current price of $0.13 makes such a leap hard to imagine, requiring a massive 18,362% surge, which would likely only happen during a strong bull market.

πŸ’° For Dogecoin to reach $24, its market cap would need to surpass Bitcoin’s $1.3 trillion. Currently, Dogecoin’s market cap is $19.6 billion, highlighting the enormous growth required.

πŸ“Š Data shows Dogecoin has dropped 6.41% in the past week and 4.37% in the last 24 hours, currently trading at $0.134. However, trading volume is up by 24.2%, indicating growing interest in the meme coin despite recent declines.

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