Will Dogecoin reach $1? Experts predict a 157% surge is imminent

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Renowned crypto analyst Trader Tardigrade is optimistic about the possibility of Dogecoin (DOGE) reaching $1, believing that this goal is entirely feasible.

Tardigrade stated that DOGE is currently in the "distribution phase" and may drive prices significantly higher through the "three-force model." He predicts that Dogecoin's price needs to increase by 157% to reach the long-awaited $1, aligning with the current market trend.

According to Tardigrade's analysis, DOGE has gone through three main stages: accumulation, manipulation, and distribution. In November 2024, Dogecoin entered the distribution phase, with a price increase of 23.15%, showing strong signs of recovery. This pattern indicates that the DOGE price will continue to rise, targeting $1.

Despite the pullback Dogecoin experienced at the end of 2023, with a price drop of 25%, analysts believe this has laid the groundwork for the next phase of increases. Based on past market performance, a target increase of 157% is not impossible to achieve.

Therefore, as the distribution phase begins, Dogecoin's $1 dream may become a reality by early 2025.

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