As a cryptocurrency analyst, I am very excited about the trend of Dogecoin (DOGE) recently. I shared a chart on my social media showing that DOGE might start a parabolic bull market this month. According to historical trends, November is usually a month when meme coin prices soar, and I suggest traders keep an eye on DOGE consistently staying above $0.20, which would be a confirmation signal.
Currently, DOGE is trading at about $0.16, although it has dropped more than 7% in the past 24 hours, it has still risen about 12% over the past 7 days. This rebound potential has me very excited.
Besides Dogecoin, I am also optimistic about some other large altcoins, especially the interoperable blockchain Polkadot (DOT). According to my analysis, the price of DOT could soar above $6.00 by the end of this year, currently priced at $3.92, despite experiencing nearly a 7% decline.
Additionally, the meme coin dogwifhat (WIF) based on Solana (SOL) seems to be ready for a breakout, currently trading at $2.38, down nearly 8% on the day.
I believe that chasing after projects that have yet to gain attention, like assets such as Polkadot, seems to be ready for an exciting breakout moment. Market trends are worth our close attention!
