Can Dogecoin (DOGE) Reach $4? The Rise Continues
Dogecoin (DOGE) has been attracting attention with its recent relentless rise, and investors have begun to talk about the possibility of the price reaching $4. Supported by whale activity and strong bull momentum, can DOGE reach the $4 target this cycle?
As of November 19, Dogecoin is showing a strong performance in the market. According to analysts, if DOGE’s current rise continues, it is likely to exceed $ 4. Famous crypto analyst Zer0 stated that Dogecoin could reach the $ 4 level, emphasizing that this target is “not too far”.
Currently, DOGE is trading at $0.3874 and has gained 3.7% in the last 24 hours. Zer0 believes that Dogecoin’s current price level is low and the strong story behind it could push the price even higher. If Dogecoin reaches $4, its market cap will reach $584 billion. However, considering Elon Musk’s influence and the potential of other projects, this target seems quite challenging in the short to medium term.
One of the most critical factors for Dogecoin’s rise is Elon Musk’s interest in the project. Musk’s social media posts and statements about Dogecoin could push the memecoin’s price even higher. In addition, the establishment of projects like the Department of Government Efficiency (D.O.G.E) could help increase DOGE’s value. Such developments could enable Dogecoin to reach its $4 target, but for now, achieving this goal is seen as a difficult scenario in the short term.
Another analyst, Bluntz, predicts that DOGE will rise, but this rise will be a slow process. Bluntz, especially drawing attention to Elon Musk’s shares on the X platform, brought up the $1 target for Dogecoin. This prediction created excitement among DOGE investors.
The future of Dogecoin is largely dependent on Elon Musk’s support and developments within the community. Musk’s continued social media posts about Dogecoin could lead to DOGE reaching higher prices. However, the $4 target is unlikely to be achieved in the near term. Still, an exciting period could begin for Dogecoin investors.