According to the website - Cryptonews - DOGE price is currently $0.24 away from its all-time high, with analysts expecting it to reach $2.80 in December.
The price of Dogecoin (DOGE), which reached $0.48 over the weekend, is now just $0.24 away from touching its all-time high following provocative tweets from Elon Musk, Cryptonews reported.
While some analysts expect the price to easily surpass its 2021 highs during this cycle, the world's largest meme coin by market cap (DOGE) is being traded.
It is down nearly 5% in the last 24 hours around $0.4070, according to data from CoinMarketCap. However, one analyst expects Dogecoin to quickly rise to double its all-time high.
Can Dogecoin Price Break 2021 Highs?
In an in-depth analysis of previous Dogecoin price cycles shared on X, Master Kenobi predicted that DOGE’s bull run could extend to $2.80 before the end of the year, if the previous historical events were to happen again, explaining that its value is currently at a similar level to what it was on January 4 when it was trading at $0.01.