Experts say that a target price of 4 dollars for Dogecoin is not 'too big'
Let's talk about Dogecoin $DOGE
Recently, an analyst mentioned that although Dogecoin's price is currently rising slowly, it might suddenly skyrocket to 4 dollars one day! What do you think, is that impressive?
If Dogecoin really reaches 4 dollars, its market value would be incredible, reaching 584 billion dollars!
That's a significant increase from now. Moreover, there’s big news that an organization called the Department of Government Efficiency D.O.G.E has been established, and it seems that this meme coin really has potential.
However, that doesn't mean it will rise just because we want it to. You see, Dogecoin's price is still hovering around 0.3874 dollars, although it has risen 24% in the past few hours, who knows what will happen next?
But there’s an analyst named Zer0 who is particularly optimistic about Dogecoin, believing it is undervalued and that the price can increase further. Another analyst named Bluntz thinks that Dogecoin will definitely rise, but it might take time; however, who knows, it might suddenly accelerate one day.
So why can Dogecoin rise? It turns out that many big investors have started buying it. You see, there are now more and more big players holding between 10 million to 100 million Dogecoins, reaching a new high in 2 years.
Therefore, Dogecoin's price is indeed quite interesting. Although there are still several hurdles to overcome, such as 0.44 dollars and 0.55 dollars, if it can break through, the path ahead will be much wider.
However, we shouldn't just listen to analysts; in investing, one must have their own understanding. Don't you think?
Currently, I have also identified a potential dark horse coin that is about to soar, and doubling is just an easy leap! My further goal is to carefully select a batch of potential coins that are expected to explode by the end of the year; I will announce specific big moves internally, just click on the avatar to find me and I will share directly!
