Crypto Universe analyst predicted that Dogecoin price it will enjoy more than 100% profit as it rises to $0.37. While prediction no doubt it looks possible, the timeline he said this will happen is what caught the attention of the crypto community.
When Dogecoin Price Will Reach $0.37
Crypto Universe says in X’s post that Dogecoin price it will reach $0.37 in the next two weeks, up more than 100% from its current price. This price increase will be a huge boost for DOGE, as it will mark a new annual high for the premium meme coin and could open the way for an escape Current ATH cost 0.73 $.
Responding to some of his followers, Crypto Universe also provided details on how the price of Dogecoin could work on the new ATH. First, he said there was no reason to sell the meme coin when it reached $0.37, as that was sold “prematurely.” You are considering a price reversal due to November 5 US election.
When a price reassessment is made, the analyst predicts that Dogecoin price it will converge to $1 after that, marking a new ATH for the premium meme coin. Crypto Universe does not believe that $ 1 will be the top of the DOGE market, as it adds that Dogecoin can reach $ 4.2.
The increase to $4.2 in Dogecoin price from its current price represents a gain of almost 2,900%. This can be stated as an ambitious goal. However, Dogecoin investors are also optimistic about DOGE’s capabilities, especially with the world’s richest man, Elon Musk, back shill the premium meme coin.
Dogecoin was one of the top gainers among the top 100 coins by market cap last week, with a price gain of over 30%. Last week’s price meeting was largely thanks to Musk, who drew attention to the meme coin with several mentions of ‘DOGE’, including a Pennsylvania town hall meeting.
DOGE Ready to Take Off
The self-proclaimed “Lead Dogecoin Analyst at X,” Kevin Capitalshown in X post that the price of Dogecoin was ready to take off from the moon. He pointed out that the two-week cash flow to DOGE has just exceeded the third time in history. According to him, the last two times this happened in March 2021 and November 2017.
Those moments marked the last two final legs Dogecoin bulls cycles as the meme coin reached new heights after that time. In 2021, Dogecoin price converged around March 2021 to reach its current ATH of $0.73 in May 2021.
At the time of writing, the price of Dogecoin is trading at around $0.148, up about 5% in the last 24 hours, according to the report. data from CoinMarketCap.
The featured image was created with Dall.E, a chart from Tradingview.com
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