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Dogecoin

Analyst Predicts Dogecoin Price Will More Than Double To $0.37, The Timeline Will Shock You

Scott Matherson
by Scott Matherson
11 months ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Analyst Crypto Universe has predicted that the Dogecoin price will enjoy a gain of over 100% as it rises to $0.37. While the prediction undoubtedly looks feasible, the timeline for which he said this would happen is what caught the crypto community’s attention. 

When The Dogecoin Price Will Reach $0.37

Crypto Universe stated in an X post that the Dogecoin price will reach $0.37 in the next two weeks, surging by over 100% from its current price. This price surge will be a major boost for DOGE, as it will mark a new yearly high for the foremost meme coin and could pave the way for the run to the current ATH of $0.73. 

Related Reading: Key Reasons Why Buying Shiba Inu Could Be Your Best Bet This Cycle

Dogecoin price

In response to some of his followers, Crypto Universe also provided insights into how the Dogecoin price could run to a new ATH. First, he stated there was no point in selling the meme coin when it reached $0.37, as that is selling “early.” He envisages a price pullback thanks to the November 5 US elections.

Once the price retest is done, the analyst predicts that the Dogecoin price will rally to $1 thereafter, marking a new ATH for the foremost meme coin. Crypto Universe doesn’t believe that $1 will be the market top for DOGE, as he added that Dogecoin could reach $4.2. 

A surge to $4.2 for the Dogecoin price from its current price represents a gain of almost 2,900%. This can be said to be an ambitious target. However, Dogecoin investors are again optimistic about DOGE’s potential, especially with the world’s richest man, Elon Musk, back to shilling the foremost meme coin. 

 

Dogecoin was one of the biggest gainers among the top 100 coins by market cap last week, with a price gain of over 30%. Last week’s price rally was largely thanks to Musk, who drew attention to the meme coin with a couple of ‘D.O.G.E’ mentions, including at a Pennsylvania town hall meeting. 

DOGE Is Ready For Takeoff

Self-proclaimed “Dogecoin lead analyst on X,” Kevin Capital, indicated in an X post that the Dogecoin price was ready for takeoff to the moon. He revealed that the 2-week money flow on DOGE just crossed green for only the third time in history. According to him, the last two times this happened were in March 2021 and November 2017. 

Related Reading: Bitcoin’s Market Dominance Soars To 3-Year High – Is This The End Of Altcoin Season?

Those periods marked the final legs of the last two Dogecoin bull cycles as the meme coin reached new highs after that period. In 2021, The Dogecoin price rallied around March 2021 to reach its current ATH of $0.73 in May 2021. 

At the time of writing, the Dogecoin price is trading at around $0.148, up almost 5% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE price still holding strong | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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