Dogecoin Rises 16% Today, DOGE Expected to Hit $0.50 in April

DOGE has emerged as one of the biggest winners in the market on Thursday, which certainly came as a surprise to the industry. Prices have continued to rise throughout March, and Dogecoin is expected to reach $0.50 as soon as April after rising 16% today.

The original meme coin is currently trading at $0.21, its highest level so far in 2021. However, what is more optimistic about the coin is that its rise follows a clear trend. According to CoinMarketCap, Dogecoin is up more than 115% this month.

Dogecoin Breaks $0.2 for the First Time Since 2021; Is $0.5 Next?

There are a ton of assets in the digital asset market that have performed impressively so far this year. Chief among them is Bitcoin, which hit an all-time high of $73,000 in March on the back of interest and excitement around spot ETFs. Since then, many different cryptocurrencies have outperformed many expectations.

Among them is the original meme coin, DOGE, which was one of the surprises that emerged this weekend. Now, Dogecoin’s price is expected to rise to $0.50 as soon as April after a 16% increase today. This development continues the views of some experts who predicted that Bitcoin would reach a new all-time high even before the Bitcoin halving event.

The asset has seen a plethora of bullish signals that encourage its continued ascent to current levels. Moreover, these do not seem to be slowing down. In the past 48 hours alone, Dogecoin’s trading volume has risen to $9.2 billion. Moreover, its active addresses have clearly crossed the 6 million mark.

Moreover, the bullish momentum should continue as Coinbase announced that it will list Dogecoin futures starting April 1. This should bring more positive sentiment, which will be exacerbated by the ever-present Elon Musk effect.

These talks have sent Dogecoin’s value soaring as the asset hinted at a possible X consolidation. The combination of the upward trajectory and external developments it is facing could provide the necessary developments for Dogecoin to surge over the next month.