If history repeats itself, can Dogecoin (DOGE) soar by 12,000%?
Dogecoin (DOGE) is now a star in the cryptocurrency world, with its price soaring one moment and plummeting the next, influenced by Elon Musk's tweets and market trends. Recently, the market corrected, and DOGE also fell by 40%, but let's not forget that history often shows remarkable similarities, and this could be the low before a big rise. Let's see if DOGE can skyrocket again like it did in 2021, even breaking records!
Can DOGE replicate the madness of 2021?
During that wave in 2021, DOGE skyrocketed!
First up, then down:
It soared 476% from the lows, then dropped by 56%.
Reaching new heights:
After dropping and then rising, it surged by 12,000%, setting a historical high!
If history repeats itself:
In 2024, DOGE first rose by 440%, then corrected by 46%.
At this pace, DOGE could be in for another big surge, with possibilities ranging from 5,000% to 12,000%!
What does a big rise in DOGE mean?
A 5,000% increase:
If DOGE rises from its current $0.26 to 5,000%, it would reach $13. Its market cap would directly surpass Bitcoin!
A 12,000% increase:
If it rises like in 2021, DOGE could reach $31 to $32, with a market cap of $4.5 trillion, surpassing Apple!
Why is DOGE so popular?
Musk Effect:
Just one statement from Elon Musk can send DOGE’s price soaring. His support is key to DOGE's success.
The allure of meme coins:
As the pioneer of meme coins, DOGE has a loyal community that drives its popularity.
Low fees and fast transactions:
DOGE has low transaction fees and fast speeds, making it the preferred choice for small daily transactions.
Institutional interest:
More and more big players are starting to pay attention to DOGE, increasing its utility and recognition.
What’s next for DOGE?
Short-term outlook:
Support levels:
$0.26, if it holds, it can rebound; $0.22, if it doesn't hold, we’ll need to look at the next level.
Resistance levels:
$0.40, if it breaks through, it can continue to rise; $0.50, a psychological barrier, if surpassed, it gets more interesting.
Recently, I plan to position myself in a potential coin that is ready to explode, doubling my investment should be quite simple. I’m also preparing to find some potential coins to hold until the end of the year, with expected growth of over 10 times not being an issue. If you want to follow along, leave a message, follow, like, and join the group.
