{"id":650009,"date":"2024-10-27T04:00:56","date_gmt":"2024-10-27T04:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=650009"},"modified":"2024-10-26T12:58:42","modified_gmt":"2024-10-26T12:58:42","slug":"dogecoin-price-to-24-analyst-says-no-one-will-believe-it-until-it-happens","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-price-to-24-analyst-says-no-one-will-believe-it-until-it-happens\/","title":{"rendered":"Dogecoin Price To $24? Analyst Says No One Will Believe It Until It Happens"},"content":{"rendered":"

A crypto analyst has forecasted a massive <\/span>price surge for Dogecoin (DOGE),<\/span><\/a> predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with <\/span>Dogecoin currently trading below $1<\/span><\/a>, the analyst has remained confident, indicating that a surge to this target would shock skeptics.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Inflows Soar 555% In 3 Months \u2013 Will The Momentum Continue?<\/a><\/div>\n

Dogecoin Eyes $24 Price Target\u00a0<\/b><\/h2>\n

The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it<\/span> attempts<\/span><\/a> to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has <\/span>seen impressive gains <\/span><\/a>recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to<\/span> liquidate<\/span><\/a> their holdings.\u00a0<\/span><\/p>\n

Amidst this bearish trend, a crypto analyst, identified as \u2018CEO\u2019 on X (formerly Twitter) has rekindled optimism among <\/span>Dogecoin community members<\/span><\/a> with a new bullish prediction for the cryptocurrency. The analyst has<\/span> shared<\/span><\/a> what he describes as the \u201cultimate Dogecoin chart,\u201d where he projects that the meme coin could reach $24 soon.<\/span><\/p>\n

\"\"<\/p>\n

In the Dogecoin chart, the analyst disclosed the cryptocurrency\u2019s <\/span>past price movements<\/span><\/a>, highlighting two instances where the meme coin experienced prolonged bearish trends before breaking out into a massive price surge. Based on Dogecoin\u2019s current price action it seems the meme coin is displaying similar historical conditions that suggest that a <\/span>bull rally might be imminent<\/span><\/a>. <\/span>And according to the CEO, this potential bull rally could see DOGE hitting $24.\u00a0<\/span><\/p>\n

DOGE market cap currently at $19.7 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Is A $24 Dogecoin Price Increase Possible?\u00a0\u00a0<\/b><\/h2>\n

Given how lofty a $24 price for Dogecoin might seem, the CEO has acknowledged that many people would doubt such a bullish outcome. Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone.\u00a0<\/span><\/p>\n

With <\/span>Dogecoin\u2019s price<\/span><\/a> presently trading at $0.13, it\u2019s understandable why many investors would be skeptical of the meme coin reaching a $24 price target. Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price \u2014 an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during <\/span>strong bull markets<\/span><\/a>.\u00a0<\/span><\/p>\n

In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars. As of writing, Dogecoin\u2019s market cap sits at $19.6 billion, meaning it would need to surpass <\/span>Bitcoin\u2019s market capitalization<\/span><\/a> which is currently $1.3 trillion to hit this price level.\u00a0<\/span><\/p>\n

Related Reading: Against All Odds: Solana (SOL) Breaks Past $176 In 3-Month Push<\/a><\/div>\n

Data from CoinMarketCap shows that the Dogecoin price has experienced a 6.41% decrease over the past seven days and another 4.37% decline in the last 24 hours. The cryptocurrency is currently trading at $0.134, with derivatives<\/span> data<\/span><\/a> from Coinglass showing that the <\/span>meme coin\u2019s open interest<\/span><\/a> is down by 9.65% but also up by 24.2% in terms of trading volume.\u00a0<\/span><\/p>\n

Featured image from Newsweek, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has forecasted a massive price surge for Dogecoin (DOGE), predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with Dogecoin currently trading below $1, the analyst has remained confident, indicating that a surge to this target would shock skeptics.\u00a0 Related Reading: Shiba Inu Inflows Soar 555% In 3 Months \u2013 Will The Momentum Continue? Dogecoin Eyes $24 Price Target\u00a0 The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it attempts to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has seen impressive gains recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to liquidate their holdings.\u00a0 Amidst this bearish trend, a crypto analyst, identified as \u2018CEO\u2019 on X (formerly Twitter) has rekindled optimism among Dogecoin community members with a new bullish prediction for the cryptocurrency. The analyst has shared what he describes as the \u201cultimate Dogecoin chart,\u201d where he projects that the meme coin could reach $24 soon. In the Dogecoin chart, the analyst disclosed the cryptocurrency\u2019s past price movements, highlighting two instances where the meme coin experienced prolonged bearish trends before breaking out into a massive price surge. Based on Dogecoin\u2019s current price action it seems the meme coin is displaying similar historical conditions that suggest that a bull rally might be imminent. And according to the CEO, this potential bull rally could see DOGE hitting $24.\u00a0 Is A $24 Dogecoin Price Increase Possible?\u00a0\u00a0 Given how lofty a $24 price for Dogecoin might seem, the CEO has acknowledged that many people would doubt such a bullish outcome. Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone.\u00a0 With Dogecoin\u2019s price presently trading at $0.13, it\u2019s understandable why many investors would be skeptical of the meme coin reaching a $24 price target. Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price \u2014 an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during strong bull markets.\u00a0 In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars. As of writing, Dogecoin\u2019s market cap sits at $19.6 billion, meaning it would need to surpass Bitcoin\u2019s market capitalization which is currently $1.3 trillion to hit this price level.\u00a0 Related Reading: Against All Odds: Solana (SOL) Breaks Past $176 In 3-Month Push Data from CoinMarketCap shows that the Dogecoin price has experienced a 6.41% decrease over the past seven days and another 4.37% decline in the last 24 hours. The cryptocurrency is currently trading at $0.134, with derivatives data from Coinglass showing that the meme coin\u2019s open interest is down by 9.65% but also up by 24.2% in terms of trading volume.\u00a0 Featured image from Newsweek, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":650013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,1785,7,83767],"class_list":["post-650009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-doge","tag-dogecoin","tag-meme-coins"],"acf":[],"yoast_head":"\nDogecoin To $24? 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