Dogecoin is one of the leading cryptocurrency tokens that has been in the spotlight lately. The coin is popular for many reasons, mainly because of its close relationship with Elon Musk. Inspired by Dogecoin, the Tesla CEO is ready to lead the Dogecoin division. How high can Dogecoin soar this weekend? Can it hit new highs soon? Dogecoin Coin: What's Happening
Dogecoin is currently priced at $0.41 and is up 7% in the past 24 hours. It is gaining mainstream attention due to its close relationship with Musk. Elon Musk is about to start his new position as the head of the Department of Government Efficiency (DOGE), which will drive the surge and rally of Dogecoin. The coin is also currently a favorite of crypto whales. Dogecoin has recently gone through several stages of retesting, which has forced Dogecoin whales to take full advantage of it. According to Ali Martinez, a well-known cryptocurrency analyst, Dogecoin whales have been very active recently and snapped up a large number of Dogecoin. The expert said that during the recent price drop suffered by Dogecoin, these whales have accumulated nearly 210 million Dogecoin, taking full advantage of the recent retest of Dogecoin.
Furthermore, Ali shared how Dogecoin has charted its own unique price path and is poised to hit new heights soon. The expert shared how profitable the current price drop of Dogecoin is and the fact that retests have already pushed the coin to the ambitious $3 mark.
“Look where we are in the#Dogecoin$DOGE bull cycle! Very early, right? So I’m grateful for this dip and will buy more between $0.40-$0.30. Target is still $3, and if things get crazy, $18!”
How will the token’s price trend this weekend?
According to CoinCodex, the Doge price is expected to remain stable at $0.40 by December 15, 2024.
CC then added that the token’s price could drop by the end of December 2024, pushing the token to trade at $0.38.
“According to our current Dogecoin price prediction, Dogecoin is expected to fall by -6.05% and reach $0.385065 by January 11, 2025. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index shows 74 (Greed). Dogecoin has recorded 18/30 (60%) green days in the past 30 days, with a price volatility of 6.29%. According to the Dogecoin prediction, now is a good time to buy Dogecoin.”
