Analysts Predict Dogecoin Price to Hit $1.

Dogecoin recently broke through the $0.20 level for the first time since November 2021, amid Bitcoin’s rally. It is currently up 128% this month and 97% in the last seven days. This rally is expected to continue and reach the $1 mark in the current market cycle.

The current market momentum and bullish sentiment have seen DOGE’s market cap surge after a long period of consolidation. The recent price spike above the $0.20 level saw DOGE briefly reach the eighth position in the market cap rankings.

Interestingly, the $1 level would mean a journey into uncharted territory for DOGE, as the cryptocurrency has yet to break above $0.80. The all-time high is $0.74.