Dogecoin could rise to $1 in 2024? Analyst DonAlt predicts
According to CryptoPotato, Dogecoin (DOGE) doubled in price at the end of February, rising from $0.08 in early January to $0.18 on March 4. This proof-of-work based meme coin is an indirect fork of the original Bitcoin chain from 2015. Dogecoin fell back from $0.18 on March 4 to $0.13 on March 19 before recovering to $0.18 on March 24. So, where will the ninth-largest cryptocurrency by market capitalization go next? Crypto analyst DonAlt said in a recent YouTube update that based on Dogecoin’s trading against Bitcoin, “the possibility of Dogecoin reaching $1 is not too small.” DonAlt is the host of TechnicalRoundup, a cryptocurrency investing YouTube channel. In an episode uploaded last Thursday, the popular altcoin market technical analyst said: “The reason I’m interested in DOGE is because it’s back at support on the BTC chart.”
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