Will Dogecoin return to its bull market glory? Experts predict a miracle will happen again in 2021
Kevin said in an He noted that Dogecoin is still two to three weeks away from achieving its first weekly golden cross in four years. The analyst believes that Dogecoin has been on a “parabolic” streak for six consecutive months, with the last time this happened in 2021, the price increased by 18,000%.
Market expectations: History repeating itself or new high breakthrough?
Cryptocurrency analysts such as Javon Marks have also raised the possibility that Dogecoin can replicate the trend of 2021 or even surpass it at different stages of this market cycle. Marks predicts that the price of the leading meme coin could rise by more than 21,000% during this bull run and reach $17. This prediction is based on Dogecoin’s historical breakout trend, which has seen the meme coin’s price rise more significantly in each subsequent bull run.
Recent Performance: Is a $1 Target Doable?
Recently, Marks said that it is only a matter of time before Dogecoin reaches $0.6533, and that the meme coin’s price could rise by 90% to $1.25. While the analyst’s price prediction of $17 is certainly ambitious as it would bring Dogecoin’s market capitalization to approximately $2.4 trillion, the $1 price target looks more feasible, while some other analysts such as Altcoin Sherpa) also agrees that Dogecoin can reach this price level.
Investor concern: realization of golden cross
Investors are hoping that Dogecoin will successfully achieve a golden cross and history will repeat itself. Such a move is much needed for Dogecoin, considering it has underperformed other major meme coins such as Pepe (PEPE), Floki (FLOKI) and Dogwifhat (WIF).
Welcome to interact: What do you think?
Dear friends, what do you think of this prediction of Dogecoin? Do you think Dogecoin can reproduce the glory of 2021? Welcome to share your views and experiences in the comment area, and let us explore this market full of opportunities and challenges!
#狗狗币 #gala价格预测 #gft #asr #wrn $RAD $STORJ $RIF