DonAlt predicts that Dogecoin will reach $1 if the cryptocurrency market continues to rise, as Dogecoin is currently valued at around $20.3 billion.
Dogecoin outperformed major altcoins with a 15% gain in 24 hours, trading at $0.13 on Binance.
Don Alt, who has over half a million followers on X, has made a bullish prediction about Dogecoin (DOGE), suggesting that the coin could rise to $1. His prediction is based on the continued bullish momentum of the broader cryptocurrency market.
Currently, Dogecoin, the original coin launched in 2013, maintains its place among the top ten cryptocurrencies with a market cap of around $20.3 billion. This valuation puts it above traditional heavyweights like Nippon Steel and Suzuki Motors in terms of market cap.
In the last 24 hours, Dogecoin has seen a massive surge, gaining around 15%, significantly outperforming its peers in the top ten altcoins by market cap. It is trading at $0.13 on the Binance exchange after seeing a strong 25% surge over the past week.
Despite this impressive surge, Dogecoin remains 81% below its all-time high of $0.73, which was recorded in May 2021, when it rose to become the fourth-largest cryptocurrency by market cap. However, data from crypto analytics firm ETHNews shows that currently, only 12% of Dogecoin holders are experiencing losses on their investments.
DonAlt is optimistic about a potential Dogecoin recovery
He believes that Dogecoin’s well-known status gives it a unique advantage over lesser-known crypto projects. According to him, in order for the current cycle to move faster and attract mainstream attention:
“You have to promote something that stands out that they’ve heard of before. The memes were popular, and DOGE is the crypto meme that people know about,” he tweeted.
This sentiment underscores Dogecoin’s strong popularity, which could be pivotal on its path to the $1 mark. As the market watches this potential, investors and enthusiasts alike are keeping a close eye, wondering whether the beloved meme coin can really make a historic jump in value in the current bullish climate. Dogecoin (DOGE-USD) is currently trading at around $0.1349, reflecting a 9.54% increase over the past 24 hours. It has seen a daily range between $0.1297 and $0.1405, with a 24-hour trading volume of around $2.05 billion and a market cap of $20.31 billion.
