$DOGE An Analyst Says Dogecoin Could Rise 900% in 48 Hours and Suggests Not to Bet Against It.
The cryptocurrency market has gone through a period of uncertainty, with Dogecoin (DOGE) being one of the most affected coins. Despite its poor performance, analyst Ali Martínez believes that DOGE has the potential to replicate its 2021 streak, when it rose 900% in 48 hours.
However, while the potential of Dogecoin is debated, market participants are turning to Minotaurus (MTAUR) for more grounded and realistic expectations in this bull market.
Dogecoin Could Surge 900% in 48 Hours
Martínez's comment has become necessary amid the persistent market uncertainty, in which Dogecoin is having a dismal performance. Despite its historical inclination for rapid growth, DOGE has recorded eight red days in recent days, 25% lower than its high on January 18.
However, Martínez believes it is unwise to bet against the meme coin, citing its ability to replicate its 2021 streak.
In January 2021, Dogecoin went from an opening price of $0.00750 to a high of $0.0736 in 48 hours, representing an increase of 881%. This rapid surge occurred after a phase of bearish consolidation, similar to the current market situation.
