{"id":653468,"date":"2024-11-17T00:00:29","date_gmt":"2024-11-17T00:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=653468"},"modified":"2024-11-16T11:56:51","modified_gmt":"2024-11-16T11:56:51","slug":"3-by-january-dogecoin-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/3-by-january-dogecoin-price\/","title":{"rendered":"$3 By January? Crypto Analyst Reveals Why The Dogecoin Price Is Primed For A Surge To $20"},"content":{"rendered":"

Crypto analyst John Burr on TradingView has <\/span>discussed<\/span><\/a> the potential for the <\/span>Dogecoin price<\/span> to reach $3 this market cycle. Driven by the positive sentiments from recent political events spearheaded by SpaceX and Tesla CEO <\/span>Elon Musk<\/span><\/a>, Burr has revealed that Dogecoin can not only reach $3 but could skyrocket to $20.<\/span><\/p>\n

US Politics Could Drive DOGE To $3<\/h2>\n

According to the TradingView analyst, the Dogecoin price could be preparing for a strong bull run to the $3 target. In his report, Burrs discussed the effects of <\/span>political changes on the crypto market<\/span><\/a>, underscoring the changes the recent US Presidential elections have had on the Dogecoin price.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says Bitcoin Has Entered The \u2018Thrill\u2019 Phase, Here\u2019s What To Expect Next<\/a><\/div>\n

Based on its price chart, Burr claims that Dogecoin is <\/span>repeating historical trends<\/span><\/a> which signal an impending bull rally. The analyst also mentioned a correlation to Musk\u2019s <\/span>Department of Government Efficiency (D.O.G.E), <\/span><\/a>hinting at future government actions or pro-crypto regulations indirectly impacting cryptocurrencies.<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Moreover, <\/span>Donald Trump<\/span><\/a>\u2019s upcoming inauguration ceremony as the 47th US President could also trigger the next bullish movement in the crypto market. As a result, Burr predicts that the Dogecoin price could surge to $3 on <\/span>Inauguration Day<\/span><\/a>.<\/span><\/p>\n

Considering that <\/span>Dogecoin is trading below the $1 <\/span><\/a>mark, the analyst has acknowledged that his bullish predictions for the meme coin could be wrong. He is focusing instead on the broader crypto bull market. He revealed that the market is currently at the <\/span>beginning of the bull run<\/span><\/a>, which gives Dogecoin more wiggle room for growth.<\/span><\/p>\n

Burrs has revealed that to some analysts, a $3 price target for Dogecoin may be conservative as they have projected extreme targets around the $40 level by next year. The analyst noted that skeptical crypto experts are unlikely to forecast an ATH beyond $3 for the DOGE price, primarily citing market cap concerns. This suggests that the <\/span>DOGE market cap<\/span><\/a> will have to exceed that of significant cryptocurrencies, possibly surpassing Bitcoin before it can reach $40.\u00a0<\/span><\/p>\n

This substantial price and market cap increase appears unattainable, as it would require a sustained, strong demand and <\/span>investor interest in Dogecoin<\/span><\/a>. However, due to its meme coin status and the frequent occurrence of negative market conditions, maintaining such extensive demand could pose a challenge for Dogecoin, which remains vulnerable to market fluctuations.<\/span><\/p>\n

Related Reading: Bitcoin Volume Crashes 27% As Price Falls, What Does This Say About The Decline?<\/a><\/div>\n

Can The Dogecoin Price Reach $20?<\/h2>\n

In his TradingView post, Burr also highlighted the possibility of the <\/span>Dogecoin price reaching new highs at $20<\/span><\/a>. The analysts acknowledged his doubts about the feasibility of this ambitious price leap, which stands in sharp contrast to his earlier confidence in the $3 prediction for the DOGE price.\u00a0<\/span><\/p>\n

A $20 target represents a massive price increase for Dogecoin, which is currently trading at $0.37. Dogecoin will have to experience price gains of about 5,300%, driven by extremely bullish conditions, favorable market sentiment, and widespread adoption.<\/span><\/p>\n

\"Dogecoin
DOGE price drops to $0.37 | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst John Burr on TradingView has discussed the potential for the Dogecoin price to reach $3 this market cycle. Driven by the positive sentiments from recent political events spearheaded by SpaceX and Tesla CEO Elon Musk, Burr has revealed that Dogecoin can not only reach $3 but could skyrocket to $20. US Politics Could Drive DOGE To $3 According to the TradingView analyst, the Dogecoin price could be preparing for a strong bull run to the $3 target. In his report, Burrs discussed the effects of political changes on the crypto market, underscoring the changes the recent US Presidential elections have had on the Dogecoin price.\u00a0 Related Reading: Analyst Says Bitcoin Has Entered The \u2018Thrill\u2019 Phase, Here\u2019s What To Expect Next Based on its price chart, Burr claims that Dogecoin is repeating historical trends which signal an impending bull rally. The analyst also mentioned a correlation to Musk\u2019s Department of Government Efficiency (D.O.G.E), hinting at future government actions or pro-crypto regulations indirectly impacting cryptocurrencies. Moreover, Donald Trump\u2019s upcoming inauguration ceremony as the 47th US President could also trigger the next bullish movement in the crypto market. As a result, Burr predicts that the Dogecoin price could surge to $3 on Inauguration Day. Considering that Dogecoin is trading below the $1 mark, the analyst has acknowledged that his bullish predictions for the meme coin could be wrong. He is focusing instead on the broader crypto bull market. He revealed that the market is currently at the beginning of the bull run, which gives Dogecoin more wiggle room for growth. Burrs has revealed that to some analysts, a $3 price target for Dogecoin may be conservative as they have projected extreme targets around the $40 level by next year. The analyst noted that skeptical crypto experts are unlikely to forecast an ATH beyond $3 for the DOGE price, primarily citing market cap concerns. This suggests that the DOGE market cap will have to exceed that of significant cryptocurrencies, possibly surpassing Bitcoin before it can reach $40.\u00a0 This substantial price and market cap increase appears unattainable, as it would require a sustained, strong demand and investor interest in Dogecoin. However, due to its meme coin status and the frequent occurrence of negative market conditions, maintaining such extensive demand could pose a challenge for Dogecoin, which remains vulnerable to market fluctuations. Related Reading: Bitcoin Volume Crashes 27% As Price Falls, What Does This Say About The Decline? Can The Dogecoin Price Reach $20? In his TradingView post, Burr also highlighted the possibility of the Dogecoin price reaching new highs at $20. The analysts acknowledged his doubts about the feasibility of this ambitious price leap, which stands in sharp contrast to his earlier confidence in the $3 prediction for the DOGE price.\u00a0 A $20 target represents a massive price increase for Dogecoin, which is currently trading at $0.37. Dogecoin will have to experience price gains of about 5,300%, driven by extremely bullish conditions, favorable market sentiment, and widespread adoption. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":635085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[],"class_list":["post-653468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","geo-restriction-analyst","geo-restriction-crypto","geo-restriction-crypto-analyst","geo-restriction-crypto-news","geo-restriction-doge","geo-restriction-doge-news","geo-restriction-doge-price","geo-restriction-dogecoin","geo-restriction-dogecoin-news","geo-restriction-dogecoin-price","geo-restriction-dogeusd","geo-restriction-dogeusdt"],"acf":[],"yoast_head":"\n$3 By January? 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$3 By January? 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