Is $10 DOGE Possible?
Dogecoin, the meme-driven cryptocurrency, jumped slightly intraday to suggest a short-term bounce. The more recent price action shows increased buying momentum and consolidation near a significant support area, fueling some optimism in the market. DOGE surges when crypto has witnessed considerable ups and downs during the week. For market speculators, if present developments persist, the much-expected $1 will be easily achieved.
Tony Severino, head of research at NewsBTC, recently broached Dogecoin’s chart, pointing to a bullish cross on the two-month Logarithmic Moving Average Convergence Divergence for the first time since 2021. From historical data, Severino believes a price increase of 8,628% is probable.
It would shoot up Dogecoin’s value to $10 and move its market capitalization to as high as $1.466 trillion. Beyond that, by charting the average time frame of Dogecoin’s past 4,300% and 12,000% surges, Severino projects that the rally will last some 213 days, bottoming out around April 2025. According to Robinhood Crypto data, the price, at the time of writing hovered around $0,16.
