The analyst predicts an increase in the Dogecoin cryptocurrency by 1500%.
The analyst, known under the pseudonym Kaleo, informed his 640,000 subscribers on social network X (formerly Twitter), which is banned in Russia, that Dogecoin could rise to $1 or even $2. According to the expert, the cryptocurrency market is currently in the so-called memcoin supercycle. Kaleo believes that meme-inspired cryptocurrencies have already shown periods when their value increased by 6,000% from lows and even by 30,000% from initial values. According to him, a potential surge in DOGE could occur between December of this year and February 2025, but not before a potential recession, as a result of which DOGE will return is heading towards the level of $0.08 or $0.1, since a similar break in the trend with a drawdown of 30% happened in 2020. The expert pointed out that the technical indicator of the Gaussian channel (GS), which turned green on the weekly Dogecoin chart, is another proof that when the time comes Me, the DOGE course will grow incredibly.
Let us remember that over the past few months, the memcoin sector has demonstrated maximum profitability compared to other virtual assets, which even more attracts It deserves the attention of investors and traders. Thus, DOGE, like other memcoins, has a chance to continue to demonstrate high profits in the market.
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