A cryptocurrency analyst recently made bold price predictions for the meme inspired cryptocurrency dog coin ($DOGE), indicating that it may soar by over 27000% in the near future, reaching the $16 per token mark.If the price of this meme inspired cryptocurrency skyrockets by 27000%, it will break the previous historical high
A cryptocurrency analyst recently made bold price predictions for the meme inspired cryptocurrency dog coin ($DOGE), indicating that it may soar by over 27000% in the near future, reaching the $16 per token mark.
If the price of this meme inspired cryptocurrency skyrockets by 27000%, it will break the previous historical high. This analyst named AMINSHEYBANI has released a chart titled "Doget to the Moon" on TradeView. As reported by Benzinga, they hinted in the chart that the potential support level is $0.058, which may be the basis for a significant increase, possibly leading to a peak of $16, which means that cryptocurrencies will rise 27500%.
If this surge becomes a reality, it will mean that the market value of this meme inspired cryptocurrency will reach $2.26 trillion, far higher than the current market value of the flagship cryptocurrency Bitcoin (approximately $575 billion) and the second largest cryptocurrency Ethereum$ ETH, with a market value of $193 billion.
The analyst's price forecast clearly far exceeds that of other analysts. According to CryptoGlobe, an analyst recently stated that DOGE may soar by more than 170%, and it is expected that the cryptocurrency will rise to around $0.17 by April 2024. This means that according to predictions, the cryptocurrency has 170% room for growth compared to its current level.
It is worth noting that according to reports, Dogcoin is one of the cryptocurrencies held by SoFi, a San Francisco based banking institution, which has revealed that it has a cryptocurrency value of $166 million.
Among them, $82 million is Bitcoin, and $55 million is Ethereum, the second largest digital currency by market value. Cardano has approximately $4.5 million, while the cryptocurrency DOGE inspired by memes has $4.9 million.
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