A crypto analyst has revealed what to expect from Dogecoin’s (DOGE) price on April 20, which happens to be DOGE day. This analyst’s bullish prediction undoubtedly adds to the excitement as the DOGE community gears up for the special occasion.
DOGE’s Price To Hit $0.26 On Doge Day
Crypto analyst Myles G mentioned in an X (formerly Twitter) post that price models predict DOGE will reach a minimum price level of $0.26 on April 20. The analyst further revealed that this price prediction would be actualized by “4:20 pm EST.” Myles G added that the “next secret prediction” would be revealed once this target was reached.
DOGE hitting $0.26 will represent a significant price increase from its current level and looks attainable, considering that the anticipation around Doge Day is expected to provide bullish momentum for the meme coin. Moreover, the Bitcoin Halving could also fall on April 20, with this event likely to cause DOGE and other crypto tokens to record impressive price gains.
There is also the likelihood that DOGE’s bullish momentum could extend beyond DOGE Day due to Coinbase’s listing of DOGE futures set to take place on April 29. This event is undoubtedly bullish for the meme coin since it could further expand its adoption and cause new money to flow into its ecosystem.
Meanwhile, although Myles G failed to provide insights into where DOGE’s price may be headed after it hits $0.26, another crypto analyst suggested that the meme coin could rise to as high as $0.40 this month.
A move of such magnitude will represent more than a 100% price gain for the foremost meme coin just this month. Such a price increase could also help DOGE solidify its spot in the top 10 by market cap, as it faces stiff competition from other crypto tokens below it.
Bitcoin is now trading at $67.482. Chart: TradingView
Time To Buy DOGE
In a subsequent X post, Myles G reaffirmed his bullishness on DOGE, advising his followers to buy the meme coin and thank him later when they make significant returns. Based on several price predictions, DOGE has the potential to be one of the leading gainers in this bull run, as crypto analysts agree that it could rise to as high as $1.
Crypto analyst Don Alt was among those who predicted that DOGE could rise to that price level. To emphasize his bullishness on the meme coin, he stated that DOGE was a better investment than Bitcoin. As part of his analysis, Don Alt also suggested that the meme coin could rise above $1 and see a further price surge to $2.
At the time of writing, DOGE is trading at around $0.17, down over 13% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Hepper, chart from TradingView