The original meme coin Dogecoin (DOGE) has approached the all-time high of $0.48 over the weekend due to developments related to Elon Musk. This has led analysts to predict that DOGE could easily reach the highs of 2021 in this bullish cycle.

However, this meme coin has early dropped to $0.4070 after a 5% decline in the past 24 hours.

Despite the price drop, Dogecoin is expected to bounce back. In fact, analysts predict it will double its previous ATH.

Analysts like Master Kenobi believe that DOGE could reach a target of $2.80 by the end of 2024 if history repeats itself. On Monday, the meme coin was trading at $0.01, equivalent to the price on January 4.

But Kenobi has warned that he cannot envision such a large move and recommends traders to be cautious.

The analyst stated: 'The cautious plan suggests a feasible price range of $1 to $1.45 (double the previous ATH) in this timeframe.'

This means a 3.5 times increase from the current price, providing huge profits for most cryptocurrency investors.

However, most traders are looking for better profits, and Dogecoin may provide that. Many are searching for alternative meme coins to invest in, including Flockerz (FLOCK).

This meme coin voting to earn money provided by DAO could increase in price by 10 times or more when launching a new feature called 'Vote to Earn' (V2E).

This indicates that Flockerz is not only relying on hype or community utility but also engaging people in the decision-making process.

Voting for this coin takes place on the Flocktopia decentralized autonomous organization platform, where FLOCK holders can earn money from the V2E process.

The community of this meme coin called 'the Flock' is rapidly growing as it has reached 3000 subscribers and has a Telegram channel with 2000 subscribers.

This Chicken coin is currently in high demand during the pre-sale phase as early investors rush to buy FLOCK, helping the project raise an additional $3.320 million.

Flockerz could ultimately become the best meme coin of 2024 as the V2E DAO method will help the community grow faster and earn high staking rewards.

Although the forecast for Dogecoin next month looks quite promising, Flockerz is likely to outperform due to its growth.

At the time of writing, DOGE has decreased by 5.58% in the past 24 hours and is trading at $0.3814 while trading volume increased by 3.53% to $9.73 billion and market capitalization decreased to $56.01 billion.