According to DonAlt, a well-known cryptocurrency analyst, Dogecoin ($DOGE ) may have a 30% price increase in the next 24 hours, indicating that the market is optimistic about the short-term trend of Dogecoin. DonAlt even believes that Dogecoin has the potential to soar more than 624% to a record high of $1. He has already bought it at $0.12 and given Dogecoin two weeks to achieve this goal.

The price increase of Dogecoin may become a catalyst to ignite the enthusiasm of the cryptocurrency market. As a popular meme coin, the rebound of Dogecoin may attract the attention of new investors. The current market trend shows that Dogecoin may be just the impetus the market needs.

Currently, Dogecoin is trading at $0.138, up 8.2% in the past 24 hours. Whether this upward trend will continue remains to be further verified by the market. However, investors should keep in mind that there are risks in investing in cryptocurrencies, and DonAlt himself admits that Dogecoin lacks intrinsic value. For those who are willing to take risks, the potential returns can be very considerable.

When considering investing in Dogecoin, investors should pay close attention to market dynamics, allocate funds reasonably, and take appropriate risk management measures. At the same time, as the regulatory policies of the cryptocurrency market are still changing, investors also need to pay attention to possible policy risks. In short, although Dogecoin provides potential investment opportunities, investors should fully understand the relevant risks and make wise choices before making investment decisions.