Negative performance doesn't seem to bother many analysts who have been making optimistic price predictions lately.
User X Mags claims that #DOGE has recently come out of its accumulation phase and into a "parabolic" phase. Traders are predicting 7x growth in the next month. This translates to a price of more than 1 yen per 1 coin. Mags based his prediction on Dogecoin's historical performance, according to which an even more impressive jump occurred right after the accumulation phase in 2020.
Altcoin spokesperson Sherpa also addressed the problem in hopes that DOGE will "do something stupid at the end of the year. " The analyst said that dealing in #meme coins is one of the "safest transactions" during the next bull cycle. 1
Caleo, an X user with over 600,000 subscribers, also foresaw a bright future for Dogecoin. He predicted that meme coins could even overtake #bitcoin (BTC) due to the assumption that the industry is in a "meme supercycle. ""
Last week, Ali Martinez said DOGE faces "significant resistance" between 70,166 and 70,171, with 75,000 addresses accumulating around 10 billion assets. He believes that once "this barrier is overcome," the price will rise to 00.32 dollars.
Crypto tank and Nebraskanguner are also optimistic. The former predicts "exciting days," adding that DOGE could outperform #BTC .
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