Dogecoin Price Prediction: DOGE Soars 146% In A Month, But Experts Say This Cat-Themed Meme Coin Might Be The Best Crypto To Buy Now

Dogecoin Price Surge

In the past 24 hours, Dogecoin's price has increased by 3%, reaching $0.4053 at 2 a.m. EST. However, trading volume has dropped by 18% to $7.35 billion.

Impressive Monthly Gains

Dogecoin's performance in the past month has been remarkable, with a surge of 146%. Around November 10th, the meme coin experienced a meteoric rise, climbing from $0.20 to $0.40 within two days.

Resistance at $0.40

Since then, DOGE has faced resistance at $0.40. While it has breached this barrier briefly in the past few weeks, its price has repeatedly been rejected. The coin is currently attempting to establish this level as a support zone.

Comparison to Bitcoin

Dogecoin's surge coincided with Bitcoin (BTC) crossing the $90k mark for the first time. However, while BTC almost reached $100k, DOGE remains a significant distance from its long-term goal of $1. Many anticipate this level to be reached during the current altcoin season.

Dogecoin Price Prediction

Over the past 12 hours, Dogecoin's price experienced a sharp surge from under $0.40 to $0.43 before correcting back down. Despite the correction, the coin remains above the $0.40 level.

Bearish Indicators

However, indicators suggest a potential correction and a possible drop below $0.40. The Bollinger bands are narrowing, with the token's price closer to the lower band. The Relative Strength Index (RSI) indicates overbought conditions, suggesting profit-taking and a gradual price decline.

Alternative to Dogecoin

While DOGE appears to be a solid long-term investment, CatSlap (SLAP) may offer more promising short-term gains. CatSlap is a recently launched meme coin aiming to "slap its way to the top."

CatSlap Game

The upcoming CatSlap game will feature a Slap-To-Earn (S2E) model, allowing users to earn SLAP tokens while playing. The game will also introduce a Slapometer, a leaderboard that tracks the most dedicated Slappers from different countries.

Token Availability

The SLAP token is currently available for purchase on Uniswap, Best Wallet, and the project's website. Crypto experts have touted its potential for significant gains.