Anonymous analyst Bluntz, via social media platform X, expressed his belief that DOGE will exceed many people’s expectations. He used Dogecoin’s analysis of Bitcoin (DOGE/BTC) to predict the top of the memecoin bull market.

“DOGE/BTC from a cycle perspective is now in a massive uptrend. The ABC correction that occurred from 2021-2024 has reached a 90% decline,” Bluntz explained. “I expect DOGE/BTC to make a new high in this cycle, and the 1.618 Fibonacci extension from the previous cycle is usually a good and simple measurement.”

“This brings us to 0.00002 BTC, which is 373% higher.”

The analyst used Elliott Wave theory, which states that assets tend to resume their uptrend after completing a three-part “ABC” correction.

Compelling Reasons to Buy Dogecoin:

* Strong Community: Dogecoin has a very active and enthusiastic community. Support from this community is often the main driver of price increases.

* Potential for Price Increase: Despite its volatility, Dogecoin has shown significant potential for price increase in the past, especially when it has the support of high-profile figures such as Elon Musk.

* Psychological Factors: Many investors are attracted to Dogecoin due to psychological factors such as FOMO (fear of missing out) or because they want to be part of a growing trend.

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