Price: $0.38634 0.9118%
Market Cap: 56.71B 1.9068%
Volume (24h): 24.97B 0.4%
Dominance: 1.9068%
Price: $0.38634 0.9118%
Market Cap: 56.71B 1.9068%
Volume (24h): 24.97B 0.4%
Dominance: 1.9068% 1.9068%
  • Price: $0.38634 0.9118%
  • Market Cap: 56.71B 1.9068%
  • Volume (24h): 24.97B 0.4%
  • Dominance: 1.9068% 1.9068%
  • Price: $0.38634 0.9118%
Home > Information news > Trader Says Rapid, Vertical Growth Could Be Coming to Dogecoin (DOGE) Amid ‘Meme Super Cycle’

Trader Says Rapid, Vertical Growth Could Be Coming to Dogecoin (DOGE) Amid ‘Meme Super Cycle’

Release: 2024/06/05 04:40 Reading: 554

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/665f75bfee7c8c7e0629819d

Trader Says Rapid, Vertical Growth Could Be Coming to Dogecoin (DOGE) Amid ‘Meme Super Cycle’

A highly respected crypto analyst has predicted a sudden surge in the value of Dogecoin (DOGE), alongside impressive gains in other memecoins.

Analyst Kaleo, with a sizeable following of over 641,400 on social media platform X, anticipates a surge of over 220% for DOGE against Bitcoin (DOGE/BTC).

"Dogecoin tends to move sideways for extended periods, followed by rapid vertical growth. Despite my bullish stance on Bitcoin, I'm highly confident DOGE will surpass it. We're in a meme super cycle, and the king of memes won't be left behind."

Kaleo's four-hour chart suggests a potential rally for DOGE to reach 0.000008 BTC, equivalent to $0.55. At the time of writing, DOGE is trading at $0.159.

Furthermore, the analyst predicts a bullish reversal for Coq Inu (COQ), a memecoin on the Avalanche (AVAX) network. He anticipates that COQ will experience significant gains against Wrapped AVAX (COQ/WAVAX).

"AVAX's turn for a meme run. I believe COQ has bottomed out. It's a billion-dollar meme with a market cap of $200 million. Send it with haste."

Kaleo's chart suggests that COQ/WAVAX may soon surpass its diagonal resistance. At the time of writing, COQ stands at $0.000003.

Lastly, the analyst predicts a rise in Bitcoin's value to reach six figures, representing a gain of over 44% from its current level.

"Bitcoin: it's time for round two. $100,000 is a magnet."

Bitcoin is currently trading at $69,130, having gained over 2% in the past 24 hours.

Source: https://thebittimes.com/trader-says-rapid-vertical-growth-could-be-coming-to-dogecoin-doge-amid-meme-super-cycle-tbt91371.html

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