Dogecoin Price Forecast: Analysts Predict 3.5x Gains by End of 2024
Dogecoin (DOGE), the original meme coin, surged to $0.48 over the weekend, nearing its all-time high of $0.73. Driven by Elon Musk's influence, analysts predict DOGE could reach its 2021 high during this bull market.
However, DOGE's price declined to $0.4070, losing 5% within 24 hours. Despite the dip, analysts remain bullish, expecting DOGE to recover and potentially double its previous all-time high.
Expert analysts suggest DOGE could target $2.80 by 2024 if history repeats itself. However, they caution against expecting an immediate surge and recommend a conservative approach.
According to analyst Master Kenobi, a range of $1 to $1.45 is plausible within the given timeframe, indicating a 3.5x gain from the current price.
Flockerz: An Alternative Meme Coin with Potential
While Dogecoin's forecast is promising, Flockerz (FLOCK) emerges as a potential outperformer. This DAO-powered, vote-to-earn meme coin recently launched its "Vote-to-Earn" (V2E) feature, involving the community in decision-making.
FLOCK holders can earn rewards through the V2E process on the Flocktopia platform. The coin's community, known as "the Flock," is rapidly expanding, with over 5,000 members across multiple platforms.
In its presale phase, Flockerz has already attracted over $3.3 million from early investors. Its unique V2E DAO approach is expected to foster community growth and drive high staking rewards.
Comparing Dogecoin and Flockerz
While Dogecoin remains a popular meme coin, Flockerz offers potential for higher returns due to its innovative V2E feature and strong community engagement. As the market evolves, Flockerz may emerge as a formidable competitor to DOGE in 2024.
At the time of writing, DOGE had declined 5.58% to $0.3814 in the past 24 hours, with a trading volume of $9.73 billion. Its market capitalization had decreased to $56.01 billion.