Crypto:
30253
Bitcoin:
$66.011
% 0.23
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.011
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

Analysts Predict DOGE Could Reach $100 Amid Volatility

Doge

Dogecoin (DOGE) has been a top-ranking cryptocurrency since 2021. The token has raised tens of billions and surged more than 27 000% since its inception.

Though the token lost value since the highs, its performance remained strong in 2024. Some anticipate the growth. Some analysts predict DOGE might hit $100 or higher.

The Dogecoin Just Getting Started’ study on TradingView depicts detailed charting patterns that could take it to $100 DOGE. The table uses Bitcoin halvings as an indicator of a repeating pattern where DOGE rises after the halving, makes a new high 12 to 18 months later, then declines exponentially before gapping up at the next halving to create a new high.

This configuration, together with the current cycle and price level, points to the target price of $27 for the next all-time high. DOGE could go as high as $27 by October and then drop to $2.60 in 2025.

The next halving should take place in the first half of 2028. This value spike could take DOGE to $100 again.

An analysis indicates that this cycle may be unique.

“Possibly more volatility.” The four-year cycle may be compressed as the gains accelerate and long-drawn bear markets reassert themselves. TradingView analyst: Dogecoin may peak in October 2024, followed by other alts.

DOGE must also face some other events to get to $100, the analyst says.

“If hyperbitcoinization occurs as a result of a dollar index breakdown and embarks on a decade-long downward trend, then DOGE will go even higher than $27, possibly to $100 and beyond.”

The $100 DOGE projection is based on hyperbitcoinization, where bitcoin beats traditional money. That is improbable by 2028 but could occur afterwards. Given that, a $100 DOGE is possible but not in the analyst’s books.

READ:  Dogecoin Whale Activity Surges with Over 150 High-Value Transactions in 24 Hours

 

P.S This is not an investment advice

Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *