Recently, Bluntz, a popular cryptocurrency strategist, posted a prediction on the social media platform X that got Dogecoin (DOGE) fans excited.
He said that DOGE only needs to break through the current resistance zone - about $0.50, to explode and usher in a crazy rise, and may even hit a record high!
DOGE to break through $0.50? Huge room for growth!
Bluntz said that when DOGE finally breaks out of this three-week sideways range, the rise will be very fierce, just like the last surge!
He predicts that the price of DOGE could soar to over $0.90, far beyond the current $0.412. In other words, if you don’t get on board now, you might miss out.
December: A Feast of Meme Coins?
Bluntz is also optimistic about December, believing it will be a 'feast of meme coins.'
He mentioned that not only DOGE, but also top meme coins like PEPE and SHIB are performing strongly, with trading volumes even surpassing Solana (SOL). Even though the market capitalization of these coins is still small compared to mainstream cryptocurrencies, they are still attracting the attention of many investors.
"If you think meme coins are dead, you are very mistaken! They are making a strong comeback, especially around this Christmas season."
Additionally, Bluntz mentioned an interesting phenomenon: retail traders seem to have returned to the crypto market, and this time their focus is not just on mainstream coins like Bitcoin or Ethereum, but they are starting to pay attention to those 'dinosaur' coins—like DOGE, SHIB, and FLOKI, which once drew a lot of attention in 2017.
The trading volume of these cryptocurrencies is gradually increasing, indicating that a new wave of excitement may be on the horizon.
To summarize
It seems that Dogecoin (DOGE) is building up strength, waiting for the moment of explosion. If market sentiment continues to be bullish, $0.90 may no longer be an unattainable target.
However, it is important to note that meme coins are highly volatile, and investors need to be cautious about potential risks while enjoying the potential rewards.
