#doge⚡ Crypto Trader Says Dogecoin (DOGE) Price is Headed for $8, Backs Under-$0.10 Competitor for a 17,905% Rally.
A prominent crypto trader has boldly predicted that Dogecoin (DOGE) will reach $8, although doubts persist over whether such a spike is conceivable soon. Meanwhile, traders are looking at Rexas Finance (RXS), an under-$0.10 coin that recently completed another successful presale round and guaranteed a potential 17,905% return for early investors.
Can Dogecoin Really Reach $8?
Driven by sponsors like Elon Musk, Dogecoin (DOGE) has recently seen explosive rises. At this write-up, DOGE was changing hands for $0.43. To reach $8, DOGE would have to rise by more than 1,700%—a tremendous effort in the volatile crypto market. Analysts point to Dogecoin’s cultural resonance and possible use cases, like Tesla and Twitter payment mechanisms, as important optimism drivers. DOGE skyrocketed to $0.73 in 2021 because of Musk’s participation on “Saturday Night Live.” However, the coin lost momentum soon after. It is presently 49% below its 2021 high. The Dogecoin Foundation’s continuous development attempts to integrate DOGE into conventional financial systems may play an important role in maintaining long-term interest. DOGE may see increased acceptance as the incoming US administration takes a more crypto-friendly posture.
Nonetheless, challenges exist. If Dogecoin reaches $8, its market capitalization would exceed $1 trillion, roughly tripling Bitcoin’s current value. While a significant surge is likely, analysts warn that the coin’s speculative nature and little utility may stymie growth. As a result, traders are looking to alternatives like Rexas Finance, which provides real-world asset tokenization with a defined roadmap and strong presale momentum.
