According to CryptoPotato, well-known trader IcedKnife told his 300,000 followers on social media X that DOGE looks like the most obvious buy-and-hold strategy in the meme coin market. He further proposed that this asset could reach new heights during this cycle, and $1 is a "very likely" price target for DOGE. IcedKnife's comments came after DOGE broke through the price of $0.22 last week, a price not seen since November 2021. However, as of today (April 3), DOGE has fallen back to $0.18, which seems to be in line with the decline of most cryptocurrencies. Another well-known analyst, Ali Martinez, expressed a similar view, reminding traders that despite the fact that there are new entrants like dogwifhat (WIF) or Bonk (BONK) in the market that make headlines almost every day, DOGE is still the most important meme coin in the market. In addition, Martinez said that DOGE is reflecting the cycle from 2018 to 2021, and if so, it may be on the verge of a "massive parabolic bull run."