Doge coin may increase in price 4 times in the near future

Tons of good news for the crypto market as cryptocurrencies have reached a new milestone, with a total market capitalization exceeding $2.5 trillion.

This increase is due to significant gains in several major cryptocurrencies, including Dogecoin (DOGE), Polkadot (DOT), and Filecoin (FIL), along with continued growth of market leaders. Bitcoin (BTC) and Ethereum (ETH) markets.

The cryptocurrency market's recent success story has been led by Bitcoin, which now has a market capitalization of more than $1.27 trillion after surging 27% in the past seven days, surpassing $65,000. Ethereum followed with a 14.5% weekly gain, pushing its market capitalization to $420 billion.

Notably, Dogecoin saw a staggering 90.3% increase during the same period, bringing its market capitalization to over $23 billion.

The overall market has been driven by broad-based positive trends, with other notable performers including Cardano (ADA) with a 34% gain and Shiba Inu (SHIB) soaring 174%.

DOGE price prediction

Closely watched Altcoin trader Sherpa in the crypto space says that Dogecoin is likely to see significant gains as the proper bull market begins.

He says that while it may not be the most unique investment thesis, DOGE is still a highly likely opportunity to earn many times your capital.

“This is not a very creative or quick trade but DOGE will end up doing crazy numbers this cycle.

It won't outperform other memes by MC (market capitalization) but you can make 4x your money if you buy and sell when the price pumps.”

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