Can Dogecoin reproduce the miracle of 9720% surge? Experts: There is a chance!

Dogecoin has been very popular recently and has become the focus of the cryptocurrency circle. Musk named the new department "Department of Government Efficiency (DOGE)", which boosted the price of Dogecoin.

In addition, with Bitcoin soaring to $90,000, Dogecoin's trend has also benefited, and everyone expects it to have another historic surge.

Dogecoin's previous increase was amazing. Cryptocurrency expert Ali pointed out that Dogecoin soared 9720% in 2017. Although it fell twice, it still rose in the end.

History repeated itself in 2021, with an increase of 30700%, and it also rose after two declines. Ali said that Dogecoin is now in a similar trend. Trump won the election and its price rose. It is now $0.39 per coin, an increase of 8% in 24 hours.

Ali reminded that although Dogecoin has risen rapidly, it may pull back. There is no need to panic. The decline is part of its market.

"Dogecoin seems to be on the rise again. Remember, a pullback is inevitable. A 13% drop is nothing to be afraid of. If you want to become a millionaire with Dogecoin, patience and faith are essential."

Looking at CoinCodex data, it is expected that Dogecoin may fall 7% to $0.35 by December 13, 2024.

However, it said that now is a good time to buy Dogecoin because technical indicators are bullish and the fear and greed index shows that current investors are in an extremely greedy state (84 points).

In the past 30 days, Dogecoin has risen for 20 days, with a price fluctuation of 32.95%.

In short, whether Dogecoin can reproduce the miracle of skyrocketing in the past, we will wait and see! If you want to dig deeper in the currency circle, but can't find a clue, and want to quickly understand the information gap, whether it is a contract or spot, you can 👉 Learn more in my profile #特斯拉重回美股“七仙女”行列 #美国CPI公布后降息预期上升